NIO (NYSE:NIO) Trading Up 9.4% - Should You Buy?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) traded up 9.4% during trading on Wednesday . The company traded as high as $4.72 and last traded at $4.67. 49,689,398 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 46,398,512 shares. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of NIO from a "neutral" rating to a "sell" rating and cut their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Macquarie lowered shares of NIO from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.38.

NIO Price Performance

The firm has a market capitalization of $9.65 billion, a PE ratio of -3.06 and a beta of 1.68. The business's 50 day moving average is $4.36 and its two-hundred day moving average is $4.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock worth $14,756,000 after acquiring an additional 538,907 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of NIO by 28.6% during the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock worth $5,170,000 after acquiring an additional 263,338 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock worth $5,018,000 after acquiring an additional 589,082 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of NIO by 0.8% during the fourth quarter. Swedbank AB now owns 1,068,110 shares of the company's stock worth $4,657,000 after acquiring an additional 9,000 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other 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.