NIO (NYSE:NIO) Shares Up 7.1% - Should You Buy?

Key Points

• NIO shares jumped 7.1% to $5.815 on Monday (intraday high $5.83) on roughly 48.7 million shares traded, about 5% above its average daily volume.
• Analysts are mixed: MarketBeat shows an average rating of Hold with a consensus target of $6.80, based on 7 Buys, 4 Holds and 2 Sells and several recent rating/target changes.
• Key fundamentals: market cap about $13.36 billion, a negative P/E (-5.99), debt-to-equity of 2.08, and the stock is trading near its 200‑day SMA ($5.75) with a 50‑day SMA of $4.98.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price was up 7.1% on Monday . The stock traded as high as $5.83 and last traded at $5.8150. Approximately 48,747,576 shares traded hands during trading, an increase of 5% from the average daily volume of 46,568,172 shares. The stock had previously closed at $5.43.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup lowered their price objective on NIO from $8.60 to $6.90 and set a "buy" rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings restated a "sell (d-)" rating on shares of NIO in a research note on Monday, December 29th. Dbs Bank raised shares of NIO from a "hold" rating to a "moderate buy" rating in a research report on Monday, March 16th. UBS Group cut NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, November 25th. Finally, Macquarie Infrastructure raised NIO from a "neutral" rating to an "outperform" rating and set a $6.10 price target on the stock in a research report on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, NIO currently has an average rating of "Hold" and a consensus target price of $6.80.

NIO Stock Performance

The stock has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $5.75. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of -5.99 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NIO. Atlantic Union Bankshares Corp increased its holdings in shares of NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company's stock worth $30,000 after buying an additional 2,950 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of NIO by 148.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock valued at $37,000 after acquiring an additional 2,877 shares in the last quarter. Arax Advisory Partners boosted its holdings in shares of NIO by 81.6% during the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company's stock valued at $40,000 after acquiring an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in NIO during the 4th quarter worth $41,000. Finally, MV Capital Management Inc. bought a new stake in shares of NIO during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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