NIO (NYSE:NIO) Shares Up 0.8% - Should You Buy?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) rose 0.8% during mid-day trading on Tuesday . The stock traded as high as $4.48 and last traded at $4.42. Approximately 17,067,029 shares changed hands during trading, a decline of 69% from the average daily volume of 55,323,487 shares. The stock had previously closed at $4.38.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NIO. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Mizuho lowered their price objective on NIO from $5.00 to $4.20 and set a "neutral" rating on the stock in a research note on Monday. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, Cfra Research upgraded NIO to a "hold" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NIO currently has a consensus rating of "Hold" and a consensus target price of $5.00.

NIO Stock Down 5.7 %

The company has a market cap of $7.84 billion, a PE ratio of -2.49 and a beta of 1.81. The stock has a 50-day moving average of $4.44 and a 200-day moving average of $4.85. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.81) EPS. Sell-side analysts predict that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of NIO

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in NIO by 71.6% during the third quarter. Advisors Asset Management Inc. now owns 82,179 shares of the company's stock valued at $549,000 after purchasing an additional 34,299 shares in the last quarter. DRW Securities LLC purchased a new position in shares of NIO during the 3rd quarter valued at about $140,000. FMR LLC lifted its position in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after buying an additional 5,296,601 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in NIO in the third quarter worth approximately $141,000. Finally, Point72 Hong Kong Ltd bought a new position in NIO during the third quarter valued at approximately $4,879,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.