NIO (NYSE:NIO) Trading Up 5.5% - Here's What Happened

Key Points

• NIO Inc. shares increased by 5.5%, closing at $7.61, with trading volume significantly up by 79% compared to the average daily volume.
• Several analysts have raised their price targets for NIO, with recommendations ranging from "buy" to "neutral," indicating a generally positive outlook.
• NIO reported a quarterly loss of ($0.32) EPS, missing estimates, but revenues increased by 9% year-over-year to $2.65 billion.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price was up 5.5% on Tuesday . The stock traded as high as $7.78 and last traded at $7.61. Approximately 106,629,723 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 59,709,543 shares. The stock had previously closed at $7.21.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America upped their price objective on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Citigroup upped their price objective on NIO from $8.10 to $8.60 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. UBS Group raised NIO from a "neutral" rating to a "buy" rating and upped their price objective for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. Finally, Mizuho upped their price objective on NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $6.35.

NIO Trading Up 5.5%

The firm has a market capitalization of $15.88 billion, a PE ratio of -4.76 and a beta of 1.20. The business has a 50 day moving average price of $5.78 and a 200-day moving average price of $4.51. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89.

NIO (NYSE:NIO - Get Free Report) last issued 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. Analysts expect that NIO Inc. will post -1.43 earnings per share for the current year.

Institutional Investors Weigh In On NIO

A number of institutional investors and hedge funds have recently modified their holdings of NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after acquiring an additional 5,185,565 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in NIO during the 2nd quarter valued at $12,315,000. SG Americas Securities LLC grew its holdings in NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after buying an additional 958,750 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in NIO by 125.2% during the 2nd quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company's stock valued at $3,754,000 after buying an additional 608,377 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in NIO by 96.6% during the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after buying an additional 510,610 shares during the last quarter. 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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