NIO (NYSE:NIO) Stock Price Up 8% - What's Next?

Key Points

• NIO's stock price increased by 8%, trading as high as $5.50 on Thursday, with a trading volume of 65.23 million shares, reflecting a 26% rise from its average session volume.
• Analysts' ratings are mixed, with one Strong Buy, two Buy, nine Hold, and one Sell, while the average target price for NIO stock stands at $4.76.
• NIO reported quarterly earnings of ($0.45) EPS, missing estimates and showing a significant year-over-year revenue growth of 21.5%, although still falling short of analyst expectations.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) shot up 8% during trading on Thursday . The company traded as high as $5.50 and last traded at $5.48. 65,232,689 shares traded hands during trading, an increase of 26% from the average session volume of 51,842,617 shares. The stock had previously closed at $5.07.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NIO. Mizuho reduced their target price on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on shares of NIO from $4.10 to $4.80 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Barclays reduced their target price on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NIO currently has an average rating of "Hold" and an average target price of $4.76.

NIO Stock Up 9.7%

The business's 50 day moving average price is $4.16 and its 200-day moving average price is $4.09. The firm has a market capitalization of $11.61 billion, a PE ratio of -3.42 and a beta of 1.42. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.69 and a current ratio of 0.84.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. NIO's revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted ($2.39) earnings per share. NIO has set its Q2 2025 guidance at EPS. As a group, equities research analysts forecast that NIO Inc. will post -1.43 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Large investors have recently added to or reduced their stakes in the business. Xponance Inc. purchased a new stake in NIO during the 1st quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new stake in NIO during the 1st quarter worth approximately $43,000. Annex Advisory Services LLC purchased a new stake in NIO during the 1st quarter worth approximately $47,000. Hedeker Wealth LLC purchased a new stake in NIO during the 2nd quarter worth approximately $43,000. Finally, May Hill Capital LLC purchased a new stake in NIO during the 1st quarter worth approximately $48,000. 48.55% of the stock is 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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