NIO (NYSE:NIO) Trading 3.2% Higher - Should You Buy?

Key Points

• NIO's share price recently increased by 3.2%, closing at $7.90 after reaching a high of $8.02 during trading.
• Wall Street analysts have mixed ratings on NIO, with four Buy ratings, seven Hold ratings, and one Sell rating, and an average price target of $6.35.
• NIO reported a loss of $0.32 earnings per share last quarter, missing estimates, and its revenue increased by 9.0% year-over-year to $2.65 billion.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price traded up 3.2% on Thursday . The company traded as high as $8.02 and last traded at $7.90. 86,455,849 shares were traded during mid-day trading, an increase of 44% from the average session volume of 59,844,922 shares. The stock had previously closed at $7.65.

Wall Street Analysts Forecast Growth

NIO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Mizuho upped their target price on shares of NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Barclays lowered their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, June 4th. Morgan Stanley reissued a "buy" rating on shares of NIO in a report on Monday, July 14th. Finally, Bank of America boosted their price target on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NIO currently has an average rating of "Hold" and an average price target of $6.35.

NIO Stock Performance

The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of -4.93 and a beta of 1.30. The business's 50-day simple moving average is $5.89 and its 200-day simple moving average is $4.55.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NIO. Marex Group plc bought a new stake in shares of NIO during the second quarter worth about $916,000. Wellington Capital Management Inc. acquired a new position in shares of NIO during the second quarter worth approximately $605,000. Headlands Technologies LLC acquired a new position in shares of NIO during the second quarter worth approximately $240,000. CANADA LIFE ASSURANCE Co raised its position in shares of NIO by 16.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 936,736 shares of the company's stock worth $3,220,000 after purchasing an additional 129,236 shares during the period. Finally, Vident Advisory LLC raised its position in NIO by 110.4% in the 2nd quarter. Vident Advisory LLC now owns 101,422 shares of the company's stock valued at $348,000 after buying an additional 53,214 shares during the last quarter. 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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