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

Nio Inc - (NYSE:NIO - Get Free Report) traded up 4.3% during mid-day trading on Monday . The stock traded as high as $4.39 and last traded at $4.21. 27,529,667 shares traded 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 Analyst Weigh In

NIO has been the subject of several research reports. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. Finally, Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIO has an average rating of "Hold" and an average target price of $5.05.

NIO Stock Down 4.6 %

The stock's 50-day moving average is $4.12 and its 200-day moving average is $4.45. 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 stock has a market cap of $8.44 billion, a P/E ratio of -2.68 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.81) EPS. As a group, research analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after purchasing an additional 3,607 shares during the period. Jones Financial Companies Lllp increased its holdings in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after buying an additional 4,332 shares during the last quarter. Sava Infond d.o.o. acquired a new stake in NIO in the fourth quarter valued at approximately $44,000. Callan Family Office LLC acquired a new position in shares of NIO during the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO in the 4th quarter valued at $45,000. Institutional investors and hedge funds 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.