NIO (NYSE:NIO) Shares Up 4.3% - What's Next?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) shot up 4.3% on Monday . The company traded as high as $4.39 and last traded at $4.21. 27,529,667 shares changed hands during trading, a decline of 51% from the average session volume of 56,117,800 shares. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NIO. Cfra Research raised shares of NIO to a "hold" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Mizuho reduced 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 cut shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Up 2.5 %

The firm has a 50-day simple moving average of $4.10 and a 200 day simple moving average of $4.42. The stock has a market capitalization of $8.41 billion, a P/E ratio of -2.67 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the previous year, the firm earned ($2.81) earnings per share. The company's revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts forecast that Nio Inc - will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. PDS Planning Inc raised its stake in 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 buying an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of NIO by 25.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock worth $59,000 after purchasing an additional 2,712 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of NIO by 20.4% during the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after buying an additional 2,788 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in NIO by 24.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after buying an additional 2,867 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after buying an additional 3,152 shares during the last quarter. 48.55% of the stock is owned by institutional investors.

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.