NIO (NYSE:NIO) Stock Price Up 1.6% - Should You Buy?

NIO Inc. (NYSE:NIO - Get Free Report) traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $3.46 and last traded at $3.47. 12,701,721 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 52,085,851 shares. The stock had previously closed at $3.41.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday, April 28th. Cfra Research raised NIO to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and upped their target price for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. Mizuho cut their target price on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Barclays cut their target price on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine 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, the company has an average rating of "Hold" and an average target price of $4.74.

NIO Price Performance

The stock has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $4.03. The firm has a market cap of $8.17 billion, a PE ratio of -2.42 and a beta of 1.55. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.69 and a current ratio of 0.84.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported ($0.45) 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 analyst estimates of $12.46 billion. During the same quarter last year, the business earned ($2.39) earnings per share. NIO's revenue was up 21.5% on a year-over-year basis. Sell-side analysts expect 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 the stock. Jones Financial Companies Lllp lifted its stake in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after purchasing an additional 4,332 shares in the last quarter. Xponance Inc. purchased a new position in NIO in the 1st quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new position in NIO in the 1st quarter worth approximately $43,000. Sava Infond d.o.o. purchased a new position in NIO in the 4th quarter worth approximately $44,000. Finally, Annex Advisory Services LLC acquired a new stake in shares of NIO during the 1st quarter worth approximately $47,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.