NIO (NYSE:NIO) Trading 1.5% Higher - Here's Why

Key Points

• NIO Inc. shares rose 1.5% to $4.95, with trading volume declining by 15% from average levels.
• Analysts show mixed sentiments with Goldman Sachs upgrading to a "neutral" rating while Barclays downgraded from $4.00 to $3.00.
• NIO reported a quarterly loss of ($0.45) EPS, significantly missing estimates, with revenues of $1.66 billion, but showing a 21.5% year-over-year increase.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price was up 1.5% during mid-day trading on Friday . The stock traded as high as $5.06 and last traded at $4.95. Approximately 43,265,246 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 51,064,852 shares. The stock had previously closed at $4.87.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NIO shares. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and increased their target price for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Barclays cut their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, June 4th. Citigroup reaffirmed a "buy" rating on shares of NIO in a research report on Monday, April 28th. Morgan Stanley reissued a "buy" rating on shares of NIO in a research report on Monday, July 14th. Finally, Mizuho decreased their target price on NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NIO currently has a consensus rating of "Hold" and a consensus price target of $4.74.

NIO Stock Up 1.1%

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. The company has a 50 day moving average of $3.86 and a 200-day moving average of $4.05. The company has a market cap of $10.28 billion, a P/E ratio of -3.03 and a beta of 1.55.

NIO (NYSE:NIO - Get Free Report) last announced 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). NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $12.46 billion. During the same quarter in the prior year, the firm earned ($2.39) EPS. The firm's revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities analysts predict that NIO Inc. will post -1.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NIO. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock worth $59,000 after acquiring an additional 2,712 shares during the period. Franklin Resources Inc. grew its holdings in shares of NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after acquiring an additional 2,788 shares during the period. Tempus Wealth Planning LLC grew its stake 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 buying an additional 2,943 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after buying an additional 3,152 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in NIO by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock valued at $303,000 after acquiring an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Company Profile

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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