NIO (NYSE:NIO) Trading 13.4% Higher - Should You Buy?

Key Points

• NIO's stock price surged 13.4% to $6.29, with over 101 million shares traded, marking a significant increase in trading volume.
• Analyst ratings for NIO vary, with Goldman Sachs upgrading to a "neutral" rating and an average price target set at $4.76, while the stock maintains a consensus rating of "Hold."
• Despite a loss of $0.45 EPS in its last earnings report and missing revenue expectations, NIO saw a year-over-year revenue growth of 21.5%.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price traded up 13.4% on Friday . The stock traded as high as $6.37 and last traded at $6.29. 101,652,153 shares changed hands during trading, an increase of 93% from the average session volume of 52,642,434 shares. The stock had previously closed at $5.54.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NIO. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $3.70 to $3.80 in a report on Tuesday, June 17th. JPMorgan Chase & Co. boosted their target price on shares of NIO from $4.10 to $4.80 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Citigroup reiterated a "buy" rating on shares of NIO in a report on Monday, April 28th. Barclays reduced their target price on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. Finally, Mizuho dropped their price target on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.76.

NIO Stock Up 14.2%

The business has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $4.10. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. The company has a market cap of $13.20 billion, a PE ratio of -3.90 and a beta of 1.42.

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

Institutional Investors Weigh In On NIO

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in shares of 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 acquiring an additional 2,433 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after purchasing an additional 2,712 shares in the last quarter. Tempus Wealth Planning LLC grew its position in shares of NIO by 7.4% in the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock worth $163,000 after acquiring an additional 2,943 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after purchasing an additional 3,152 shares during the period. Finally, Redwood Wealth Management Group LLC boosted its position in NIO by 4.9% during the 2nd 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. Hedge funds and other institutional investors own 48.55% of the company's stock.

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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