NIO (NYSE:NIO) Trading Up 2.7% Following Analyst Upgrade

Key Points

• NIO's stock rose 2.7% after Citigroup raised its price target from $8.10 to $8.60, maintaining a buy rating on the stock.
• Multiple analysts have recently upgraded NIO's ratings, with Bank of America setting a new target price of $7.10 and UBS raising theirs to $8.50.
• NIO reported ($0.32) earnings per share for the last quarter, missing estimates, while its revenue showed a 9.0% year-over-year increase.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price rose 2.7% on Wednesday after Citigroup raised their price target on the stock from $8.10 to $8.60. Citigroup currently has a buy rating on the stock. NIO traded as high as $7.34 and last traded at $7.12. Approximately 76,255,106 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 59,056,094 shares. The stock had previously closed at $6.93.

Other analysts have also issued research reports about the company. Bank of America increased their price target on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and raised their price target for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. UBS Group upgraded shares of NIO from a "neutral" rating to a "buy" rating and raised their price target for the company from $6.20 to $8.50 in a report on Tuesday, September 16th. Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Mizuho lifted their target price on shares of NIO from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $6.35.

Institutional Investors Weigh In On NIO

A number of large investors have recently modified their holdings of NIO. Vident Advisory LLC grew its holdings in shares of NIO by 60.6% during the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company's stock worth $235,000 after buying an additional 20,349 shares in the last quarter. Annex Advisory Services LLC purchased a new position in shares of NIO in the first quarter valued at approximately $47,000. SG Americas Securities LLC boosted its stake in shares of NIO by 83.3% in the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of NIO by 44.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 39,492 shares of the company's stock valued at $150,000 after purchasing an additional 12,080 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in NIO in the first quarter valued at approximately $60,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Trading Up 2.7%

The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The company has a market cap of $14.86 billion, a price-to-earnings ratio of -4.45 and a beta of 1.20. The business's fifty day simple moving average is $5.55 and its two-hundred day simple moving average is $4.44.

NIO (NYSE:NIO - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. On average, equities analysts predict that NIO Inc. will post -1.43 EPS for the current year.

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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