NIO (NYSE:NIO) Stock Price Up 2.4% - Should You Buy?

Key Points

• NIO Inc. shares increased by 2.4% on Monday, reaching a last trading price of $7.21 and a trading volume rise of 9% from average daily volumes.
• Analysts have shown mixed ratings for NIO, with JPMorgan upgrading the stock to "overweight" and increasing the price target to $8.00, while Barclays set a lower target at $3.00.
• NIO's recent quarterly earnings report revealed a loss of ($0.32) EPS, missing estimates, despite a 9% year-over-year revenue growth to $2.65 billion.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) rose 2.4% on Monday . The company traded as high as $7.27 and last traded at $7.21. Approximately 64,989,882 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 59,453,531 shares. The stock had previously closed at $7.04.

Analyst Ratings Changes

NIO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $4.80 to $8.00 in a research report on Tuesday, August 26th. Barclays dropped their price target on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Bank of America boosted their target price on NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Finally, Morgan Stanley reissued a "buy" rating on shares of NIO in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NIO has an average rating of "Hold" and a consensus target price of $6.35.

NIO Stock Performance

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.71. The business has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $4.49. The firm has a market cap of $15.05 billion, a PE ratio of -4.51 and a beta of 1.20.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $20.07 billion. During the same period in the previous year, the company posted ($2.21) earnings per share. NIO's quarterly revenue was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. Equities research analysts forecast that NIO Inc. will post -1.43 EPS for the current year.

Institutional Investors Weigh In On NIO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in NIO by 0.9% during the second quarter. Tidal Investments LLC now owns 287,140 shares of the company's stock valued at $985,000 after purchasing an additional 2,433 shares during the period. Tempus Wealth Planning LLC raised its position in NIO by 7.4% during the first quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock valued at $163,000 after purchasing an additional 2,943 shares during the period. Redwood Wealth Management Group LLC raised its position in NIO by 4.9% during the second quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company's stock valued at $237,000 after purchasing an additional 3,215 shares during the period. Private Advisor Group LLC raised its position in NIO by 4.6% during the first quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock valued at $303,000 after purchasing an additional 3,527 shares during the period. Finally, Main Management ETF Advisors LLC raised its position in NIO by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 222,057 shares of the company's stock valued at $762,000 after purchasing an additional 3,612 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

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