NIO (NYSE:NIO) Stock Price Up 6.9% - Here's Why

Key Points

• NIO's stock price increased by 6.9%, reaching a last traded value of $7.18, with a trading volume of approximately 64.99 million shares.
• Recent ratings upgrades from Wall Street analysts included Bank of America raising NIO's price target from $5.00 to $7.10 and JPMorgan Chase elevating their target from $4.80 to $8.00.
• NIO reported a quarterly earnings miss with an EPS of ($0.32) against the expected ($0.30), while year-over-year revenue increased by 9.0%.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price rose 6.9% on Monday . The stock traded as high as $7.22 and last traded at $7.18. Approximately 64,999,241 shares changed hands during trading, an increase of 8% from the average daily volume of 60,449,605 shares. The stock had previously closed at $6.71.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Bank of America upped their price target on NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a report on Monday, July 14th. Finally, The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and upped their price target for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.35.

NIO Stock Up 6.9%

The business has a 50-day moving average price of $6.27 and a 200-day moving average price of $4.69. The firm has a market capitalization of $14.98 billion, a PE ratio of -4.48 and a beta of 1.30.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NIO. Xponance Inc. purchased a new position in shares of NIO during the first quarter worth $39,000. Blueshift Asset Management LLC acquired a new stake in shares of NIO in the first quarter valued at $43,000. Hedeker Wealth LLC acquired a new stake in shares of NIO in the second quarter valued at $43,000. May Hill Capital LLC acquired a new stake in shares of NIO in the first quarter valued at $48,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of NIO in the first quarter valued at $50,000. 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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