NIO (NYSE:NIO) Stock Price Up 1.8% After Analyst Upgrade

Key Points

• Macquarie upgraded NIO from neutral to outperform with a $6.10 price target, driving a 1.8% intraday rise to $4.64 (high $4.69) on Thursday amid below-average volume.
• Analysts are mixed overall — the consensus rating is Hold with a $6.83 average target, following recent moves like Citigroup trimming its target to $6.90 and UBS downgrading to Hold.
• Institutional investors own 48.55% of NIO; the company has a $9.68 billion market cap, a negative PE (-3.20), debt-to-equity of 2.36 and liquidity ratios under 1 (quick 0.83, current 0.94).

NIO Inc. (NYSE:NIO - Get Free Report) traded up 1.8% on Thursday after Macquarie upgraded the stock from a neutral rating to an outperform rating. Macquarie now has a $6.10 price target on the stock. NIO traded as high as $4.69 and last traded at $4.64. 25,323,354 shares were traded during trading, a decline of 42% from the average session volume of 43,807,332 shares. The stock had previously closed at $4.56.

Several other equities research analysts have also weighed in on NIO. Citigroup cut their target price on NIO from $8.60 to $6.90 and set a "buy" rating on the stock in a research report on Wednesday, November 26th. UBS Group downgraded shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, November 25th. Barclays upped their target price on shares of NIO from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Friday, November 28th. The Goldman Sachs Group reiterated a "neutral" rating and set a $7.00 price target on shares of NIO in a research note on Thursday, October 30th. Finally, Mizuho upped their price objective on shares of NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, NIO presently has an average rating of "Hold" and a consensus target price of $6.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NIO by 3,966.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after purchasing an additional 5,185,565 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in NIO in the 2nd quarter valued at $12,315,000. SeaCrest Wealth Management LLC acquired a new position in NIO in the 2nd quarter valued at $56,000. Ballentine Partners LLC raised its position in NIO by 26.8% during the 2nd quarter. Ballentine Partners LLC now owns 40,200 shares of the company's stock worth $138,000 after buying an additional 8,503 shares during the last quarter. Finally, Trilogy Capital Inc. lifted its stake in shares of NIO by 8.8% in the 2nd quarter. Trilogy Capital Inc. now owns 157,106 shares of the company's stock worth $539,000 after acquiring an additional 12,750 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Up 1.8%

The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 2.36. The company's fifty day moving average price is $5.34 and its two-hundred day moving average price is $5.67. The firm has a market cap of $9.68 billion, a PE ratio of -3.20 and a beta of 1.05.

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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