NIO (NYSE:NIO) Shares Up 1.9% - Should You Buy?

Nio Inc - (NYSE:NIO - Get Free Report)'s share price rose 1.9% during trading on Wednesday . The company traded as high as $4.06 and last traded at $4.04. Approximately 9,801,041 shares changed hands during trading, a decline of 82% from the average daily volume of 53,656,418 shares. The stock had previously closed at $3.96.

Analyst Ratings Changes

NIO has been the subject of a number of analyst reports. Mizuho cut their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Cfra Research raised shares of NIO to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of NIO in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.05.

NIO Stock Performance

The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of -2.53 and a beta of 1.73. The stock's 50 day moving average is $3.89 and its 200 day moving average is $4.28. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

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

Institutional Investors Weigh In On NIO

Several hedge funds have recently modified their holdings of the company. PDS Planning Inc boosted its stake in shares of NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock worth $99,000 after purchasing an additional 2,627 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock worth $59,000 after acquiring an additional 2,712 shares during the period. Franklin Resources Inc. lifted its holdings in shares of NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after acquiring an additional 2,788 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after acquiring an additional 2,867 shares during the period. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of NIO by 7.4% during the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock worth $163,000 after acquiring an additional 2,943 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Company Profile

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.