Nio Inc - (NYSE:NIO - Get Free Report) shares rose 0.2% during mid-day trading on Monday . The stock traded as high as $4.68 and last traded at $4.50. Approximately 20,593,813 shares changed hands during trading, a decline of 63% from the average daily volume of 54,996,766 shares. The stock had previously closed at $4.49.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of NIO from $5.00 to $4.80 and set an "underweight" rating for the company in a research note on Wednesday, March 6th. Bank of America decreased their price target on shares of NIO from $7.50 to $6.50 and set a "neutral" rating for the company in a research note on Wednesday, March 6th. Mizuho reiterated a "neutral" rating and issued a $5.50 price target on shares of NIO in a research note on Monday, March 25th. Macquarie assumed coverage on shares of NIO in a research note on Monday, April 15th. They issued a "neutral" rating and a $5.00 price target for the company. Finally, Barclays reiterated an "underweight" rating and issued a $4.00 price target (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.43.
Check Out Our Latest Report on NIO
NIO Stock Performance
The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -2.63 and a beta of 1.93. The stock's 50 day moving average price is $4.99 and its two-hundred day moving average price is $6.52.
NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS 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 during the quarter, compared to analysts' expectations of $18.16 billion. During the same quarter in the prior year, the firm earned ($0.51) earnings per share. NIO's quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Nio Inc - will post -1.26 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cigna Investments Inc. New lifted its holdings in shares of NIO by 5.4% during the 3rd quarter. Cigna Investments Inc. New now owns 27,498 shares of the company's stock worth $249,000 after acquiring an additional 1,402 shares during the period. Prudential PLC lifted its holdings in shares of NIO by 0.9% during the 3rd quarter. Prudential PLC now owns 177,715 shares of the company's stock worth $1,607,000 after acquiring an additional 1,641 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of NIO by 9.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company's stock worth $182,000 after acquiring an additional 1,816 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of NIO by 15.4% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,712 shares of the company's stock worth $133,000 after acquiring an additional 1,962 shares during the period. Finally, Fountainhead AM LLC lifted its holdings in shares of NIO by 20.0% during the 4th quarter. Fountainhead AM LLC now owns 12,047 shares of the company's stock worth $109,000 after acquiring an additional 2,012 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.
About NIO
(
Get Free Report)
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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