NIO (NYSE:NIO) Trading 4.9% Higher - Still a Buy?

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price traded up 4.9% on Monday . The company traded as high as $4.27 and last traded at $4.17. 23,613,830 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 54,805,401 shares. The stock had previously closed at $3.97.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho decreased 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. Citigroup reaffirmed a "buy" rating on shares of NIO in a research note on Monday, April 28th. Cfra Research raised NIO to a "hold" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.05.

NIO Trading Up 5.7%

The company has a market capitalization of $8.76 billion, a P/E ratio of -2.78 and a beta of 1.73. The company has a 50-day simple moving average of $4.04 and a 200 day simple moving average of $4.37. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

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

Hedge Funds Weigh In On NIO

A number of institutional investors and hedge funds have recently bought and sold shares of NIO. SG Americas Securities LLC boosted its stake in NIO by 83.3% in the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock worth $8,038,000 after purchasing an additional 958,750 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of NIO during the fourth quarter valued at $3,305,000. Raymond James Financial Inc. acquired a new position in shares of NIO during the fourth quarter valued at $1,776,000. XY Capital Ltd bought a new stake in NIO in the fourth quarter valued at about $1,544,000. Finally, AI Squared Management Ltd bought a new stake in NIO in the fourth quarter valued at about $1,491,000. Institutional investors and hedge funds 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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