NIO (NYSE:NIO) Trading 4.5% Higher - What's Next?

Key Points

• NIO Inc. shares saw a midday trading increase of 4.5%, climbing to a price of $5.05 after previously closing at $4.83, with trading volume significantly down from the average.
• Analysts have mixed views on NIO, with Barclays lowering its price target to $3.00 and maintaining an "underweight" rating, while Morgan Stanley and Citigroup continue to hold a "buy" rating.
• The company reported a loss of ($0.45) earnings per share for the last quarter, significantly missing analyst estimates, despite a year-over-year revenue increase of 21.5%.
• NIO currently has a market capitalization of $10.30 billion, with institutional investors owning approximately 48.55% of the stock, reflecting significant interest among large investment entities.

NIO Inc. (NYSE:NIO - Get Free Report) shares traded up 4.5% during mid-day trading on Friday . The stock traded as high as $5.09 and last traded at $5.05. 29,581,489 shares changed hands during trading, a decline of 41% from the average session volume of 50,479,695 shares. The stock had previously closed at $4.83.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays decreased their price objective on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a research note on Wednesday, June 4th. Morgan Stanley reiterated a "buy" rating on shares of NIO in a research note on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of NIO in a research note on Monday, April 28th. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Finally, Mizuho decreased their target price on shares of NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.74.

NIO Stock Up 2.2%

The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of -3.05 and a beta of 1.55. The firm's fifty day moving average is $3.78 and its 200-day moving average is $4.03. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The company's revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned ($2.39) earnings per share. On average, sell-side analysts predict that NIO Inc. will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

Several institutional investors have recently added to or reduced their stakes in the stock. Ping Capital Management Inc. acquired a new stake in shares of NIO during the first quarter worth $305,000. SIH Partners LLLP raised its holdings in shares of NIO by 23.1% during the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock worth $4,071,000 after purchasing an additional 175,000 shares during the period. Arizona PSPRS Trust acquired a new stake in shares of NIO during the fourth quarter worth $1,330,000. Raymond James Financial Inc. acquired a new stake in shares of NIO during the fourth quarter worth $1,776,000. Finally, Bridgewater Associates LP raised its holdings in shares of NIO by 28.6% during the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock worth $5,170,000 after purchasing an additional 263,338 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

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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