NIO (NYSE:NIO) Trading Up 2.1% - Still a Buy?

Nio Inc - (NYSE:NIO - Get Free Report) shares traded up 2.1% on Thursday . The stock traded as high as $3.96 and last traded at $3.92. 7,947,284 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 54,868,988 shares. The stock had previously closed at $3.84.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NIO shares. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Mizuho cut their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Citigroup restated a "buy" rating on shares of NIO in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIO currently has an average rating of "Hold" and an average target price of $5.05.

NIO Stock Up 3.0 %

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm's fifty day moving average is $4.05 and its 200 day moving average is $4.39. The stock has a market cap of $8.25 billion, a P/E ratio of -2.62 and a beta of 1.73.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NIO. SG Americas Securities LLC lifted its holdings in shares of NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock worth $8,038,000 after acquiring an additional 958,750 shares during the period. Trexquant Investment LP acquired a new stake in NIO during the fourth quarter valued at approximately $3,305,000. Raymond James Financial Inc. bought a new position in shares of NIO during the 4th quarter worth approximately $1,776,000. XY Capital Ltd bought a new position in shares of NIO during the fourth quarter valued at $1,544,000. Finally, AI Squared Management Ltd acquired a new position in NIO in the fourth quarter valued at about $1,491,000. 48.55% of the stock is owned by institutional investors.

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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