NIO (NYSE:NIO) Trading Up 2%

Shares of Nio Inc - (NYSE:NIO - Get Free Report) shot up 2% during trading on Tuesday . The stock traded as high as $4.75 and last traded at $4.69. 25,193,856 shares traded hands during trading, a decline of 54% from the average session volume of 55,101,445 shares. The stock had previously closed at $4.60.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NIO shares. Sanford C. Bernstein lowered their price objective on 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 reiterated an "underweight" rating and set a $4.00 price target (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Macquarie assumed coverage on shares of NIO in a report on Monday, April 15th. They issued a "neutral" rating and a $5.00 price objective on the stock. Jefferies Financial Group lowered 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. Finally, The Goldman Sachs Group initiated coverage on shares of NIO in a research report on Wednesday, January 3rd. They set a "neutral" rating for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $8.43.

NIO Stock Up 2.6 %

The firm has a 50 day moving average price of $4.93 and a 200-day moving average price of $6.47. 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 cap of $8.11 billion, a PE ratio of -2.70 and a beta of 1.93.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm 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) EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Nio Inc - will post -1.26 EPS for the current fiscal year.

Institutional Trading of NIO

A number of institutional investors have recently bought and sold shares of NIO. Cigna Investments Inc. New raised its position 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 in the last quarter. Prudential PLC raised its holdings in NIO by 0.9% during the third quarter. Prudential PLC now owns 177,715 shares of the company's stock worth $1,607,000 after purchasing an additional 1,641 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position 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 buying an additional 1,816 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of NIO by 15.4% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,712 shares of the company's stock valued at $133,000 after buying an additional 1,962 shares in the last quarter. Finally, Fountainhead AM LLC grew its position in shares of NIO by 20.0% in the 4th quarter. Fountainhead AM LLC now owns 12,047 shares of the company's stock valued at $109,000 after buying an additional 2,012 shares during the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

About NIO

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.