NIO (NYSE:NIO) Shares Gap Up to $5.57

Nio Inc - (NYSE:NIO - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $5.57, but opened at $5.75. NIO shares last traded at $5.87, with a volume of 29,566,025 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NIO. JPMorgan Chase & Co. decreased their price objective on NIO from $5.00 to $4.80 and set an "underweight" rating on the stock in a report on Wednesday, March 6th. Macquarie initiated coverage on shares of NIO in a research report on Monday, April 15th. They set a "neutral" rating and a $5.00 target price for the company. Sanford C. Bernstein dropped their target price on shares of NIO from $7.50 to $5.50 and set a "market perform" rating for the company in a research report on Thursday, March 7th. Barclays restated an "underweight" rating and issued a $4.00 price objective (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group reduced their target price on shares of NIO from $8.30 to $5.90 and set a "hold" rating for the company in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8.43.

NIO Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The company's fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $6.39. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of -3.26 and a beta of 1.92.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. During the same quarter in the previous year, the company posted ($0.51) EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Nio Inc - will post -1.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company's stock valued at $64,070,000 after purchasing an additional 4,976,403 shares in the last quarter. Electron Capital Partners LLC increased its holdings in NIO by 5.6% during the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company's stock worth $40,180,000 after buying an additional 235,521 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NIO by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company's stock worth $10,430,000 after buying an additional 439,474 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in NIO by 11.9% during the third quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company's stock worth $20,853,000 after buying an additional 245,800 shares during the last quarter. Finally, AMF Tjanstepension AB increased its holdings in NIO by 132.4% during the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company's stock worth $7,030,000 after buying an additional 889,900 shares during the last quarter. 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.