NIO (NYSE:NIO) Shares Gap Up - Should You Buy?

Key Points

• NIO shares gapped up Monday, opening at $5.53 versus a prior close of $5.31 and last trading around $5.535 with roughly 13.7 million shares changing hands (about +3.3%).
• Analyst activity is mixed but leaning positive—Macquarie, HSBC and Nomura upgraded or raised targets while Weiss reaffirmed a sell; the consensus is 7 Buys, 4 Holds, 2 Sells with an average price target of $6.80 and an overall rating of "Hold".
• NIO's fundamentals show elevated leverage and tight liquidity (debt-to-equity 2.08, quick ratio 0.87, current ratio 0.98), negative earnings (P/E -5.68) and a market cap of about $12.6 billion.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $5.31, but opened at $5.53. NIO shares last traded at $5.5350, with a volume of 13,706,810 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NIO shares. Macquarie Infrastructure upgraded shares of NIO from a "neutral" rating to an "outperform" rating and set a $6.10 price objective for the company in a report on Thursday, January 15th. HSBC upgraded NIO from a "hold" rating to a "buy" rating and raised their target price for the company from $4.80 to $6.80 in a report on Friday, March 13th. Bank of America reiterated a "neutral" rating on shares of NIO in a research note on Tuesday, March 10th. Nomura raised NIO from a "neutral" rating to a "buy" rating and set a $6.60 price objective on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NIO in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.80.

NIO Trading Up 3.3%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of -5.68 and a beta of 1.11. The company's 50 day moving average is $5.08 and its 200 day moving average is $5.74.

Institutional Trading of NIO

Institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp lifted its stake in NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company's stock worth $30,000 after purchasing an additional 2,950 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock worth $37,000 after buying an additional 2,877 shares in the last quarter. Arax Advisory Partners raised its holdings in shares of NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company's stock worth $40,000 after buying an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of NIO during the 4th quarter worth approximately $41,000. Finally, MV Capital Management Inc. acquired a new stake in NIO in the 4th quarter valued at $42,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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