NIO (NYSE:NIO) Trading Up 7.9% Following Analyst Upgrade

Key Points

• NIO's shares surged by 7.9% after JPMorgan Chase upgraded the stock from a neutral to an overweight rating, raising the price target from $4.80 to $8.00.
• Despite the upgrade, NIO faces mixed signals from analysts, with ratings ranging from strong buy to underweight, and a consensus price target of $5.21.
• The company reported a loss of ($0.45) earnings per share last quarter, missing the consensus estimate, but with revenue increasing by 21.5% year-over-year.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) traded up 7.9% during trading on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $8.00 price target on the stock, up from their previous price target of $4.80. NIO traded as high as $6.83 and last traded at $6.57. 80,194,981 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 54,285,852 shares. The stock had previously closed at $6.09.

NIO has been the subject of a number of other reports. Mizuho cut their price objective on NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Morgan Stanley reissued a "buy" rating on shares of NIO in a report on Monday, July 14th. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and raised their target price for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. Barclays cut their price target on NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.21.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently added to or reduced their stakes in NIO. Tidal Investments LLC grew its position in shares of NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company's stock worth $985,000 after buying an additional 2,433 shares during the period. Tempus Wealth Planning LLC grew its position in shares of NIO by 7.4% during the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock worth $163,000 after buying an additional 2,943 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after buying an additional 3,152 shares during the period. Redwood Wealth Management Group LLC grew its position in shares of NIO by 4.9% during the 2nd quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company's stock worth $237,000 after buying an additional 3,215 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of NIO by 4.6% during the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock worth $303,000 after buying an additional 3,527 shares during the period. 48.55% of the stock is owned by institutional investors.

NIO Price Performance

The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of -4.06 and a beta of 1.42. The company has a 50-day moving average price of $4.31 and a 200-day moving average price of $4.13. 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 issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $12.46 billion. During the same quarter in the prior year, the firm posted ($2.39) earnings per share. NIO's revenue for the quarter was up 21.5% compared to the same quarter last year. NIO has set its Q2 2025 guidance at EPS. On average, equities research analysts expect that NIO Inc. will post -1.43 EPS for the current fiscal year.

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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