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.
Check Out Our Latest Stock Report on NIO
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
(
Get Free Report)
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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