NIO (NYSE:NIO) Shares Gap Up – What’s Next?

NIO Inc. (NYSE:NIO)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.77, but opened at $4.93. NIO shares last traded at $4.8050, with a volume of 9,309,940 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NIO shares. Barclays raised their target price on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a research report on Monday, December 29th. Macquarie upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective for the company in a research report on Thursday, January 15th. The Goldman Sachs Group restated a “neutral” rating and set a $7.00 price objective on shares of NIO in a research note on Thursday, October 30th. Finally, UBS Group lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.83.

NIO Stock Up 0.9%

The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.94. The company has a market cap of $10.05 billion, a P/E ratio of -3.31 and a beta of 1.05. The stock has a 50 day moving average price of $4.97 and a 200 day moving average price of $5.75.

Hedge Funds Weigh In On NIO

Several large investors have recently made changes to their positions in NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after purchasing an additional 5,185,565 shares in the last quarter. Trilogy Capital Inc. grew its position in NIO by 8.8% in the second quarter. Trilogy Capital Inc. now owns 157,106 shares of the company’s stock worth $539,000 after buying an additional 12,750 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NIO by 2.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 220,694 shares of the company’s stock worth $757,000 after buying an additional 4,846 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of NIO by 125.2% in the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company’s stock valued at $3,754,000 after buying an additional 608,377 shares in the last quarter. Finally, WMG Financial Advisors LLC increased its holdings in shares of NIO by 17.9% in the second quarter. WMG Financial Advisors LLC now owns 474,966 shares of the company’s stock valued at $1,629,000 after buying an additional 72,170 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.