NIO (NYSE:NIO) Trading Up 2.9% - Should You Buy?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) rose 2.9% during trading on Friday . The stock traded as high as $4.15 and last traded at $4.05. Approximately 11,769,826 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 54,894,941 shares. The stock had previously closed at $3.93.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NIO shares. Citigroup restated a "buy" rating on shares of NIO in a research note on Monday, April 28th. Cfra Research upgraded NIO to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Mizuho dropped their target price 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. Finally, Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NIO has an average rating of "Hold" and a consensus target price of $5.05.

NIO Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $8.05 billion, a PE ratio of -2.55 and a beta of 1.73. The firm's fifty day moving average price is $4.07 and its 200 day moving average price is $4.40.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings data 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 net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same quarter in the prior year, the firm posted ($2.81) EPS. NIO's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts forecast that Nio Inc - will post -1.43 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Several large investors have recently modified their holdings of NIO. Trilogy Capital Inc. increased its holdings in shares of NIO by 1,307.5% in the 1st quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock valued at $550,000 after purchasing an additional 134,100 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of NIO by 16.3% in the first quarter. Avantax Advisory Services Inc. now owns 37,943 shares of the company's stock worth $145,000 after buying an additional 5,306 shares during the last quarter. Tempus Wealth Planning LLC raised its holdings in NIO by 7.4% in the first quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock valued at $163,000 after acquiring an additional 2,943 shares in the last quarter. WMG Financial Advisors LLC boosted its stake in NIO by 5.6% during the 1st quarter. WMG Financial Advisors LLC now owns 402,796 shares of the company's stock valued at $1,535,000 after acquiring an additional 21,261 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of NIO by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock worth $303,000 after purchasing an additional 3,527 shares during the last quarter. 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.