NIO (NYSE:NIO) Trading 1.8% Higher - Time to Buy?

Nio Inc - (NYSE:NIO - Get Free Report) shares shot up 1.8% during mid-day trading on Friday . The stock traded as high as $4.04 and last traded at $4.03. 6,420,215 shares were traded during trading, a decline of 88% from the average session volume of 54,761,665 shares. The stock had previously closed at $3.96.

Analyst Ratings Changes

A number of analysts recently commented on NIO shares. Mizuho lowered their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Cfra Research raised shares of NIO to a "hold" rating in a research note on Friday, March 21st. Citigroup reaffirmed a "buy" rating on shares of NIO in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.05.

NIO Stock Performance

The firm has a market cap of $8.33 billion, a P/E ratio of -2.64 and a beta of 1.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock's 50-day moving average is $4.04 and its 200 day moving average is $4.38.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the prior year, the firm posted ($2.81) earnings per share. The company's revenue was up 15.2% compared to the same quarter last year. On average, research analysts predict that Nio Inc - will post -1.43 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC boosted its holdings in NIO by 352.6% during the fourth quarter. FNY Investment Advisers LLC now owns 145,430 shares of the company's stock worth $634,000 after purchasing an additional 113,296 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of NIO during the 4th quarter worth about $270,000. Ballentine Partners LLC grew its holdings in shares of NIO by 31.2% in the 4th quarter. Ballentine Partners LLC now owns 31,508 shares of the company's stock valued at $137,000 after acquiring an additional 7,488 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of NIO by 39.1% in the fourth quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company's stock valued at $117,000 after acquiring an additional 7,554 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings in NIO by 4.2% during the fourth quarter. MCF Advisors LLC now owns 111,350 shares of the company's stock worth $485,000 after acquiring an additional 4,479 shares in the last quarter. 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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