NIO (NYSE:NIO) Trading Up 1.8% – What’s Next?

NIO Inc. (NYSE:NIO)’s stock price traded up 1.8% during trading on Monday . The stock traded as high as $5.58 and last traded at $5.4550. 25,451,251 shares were traded during mid-day trading, a decline of 40% from the average session volume of 42,728,559 shares. The stock had previously closed at $5.36.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $6.00 price objective on shares of NIO in a report on Friday, May 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Bank of America restated a “neutral” rating and set a $6.80 price objective on shares of NIO in a research report on Thursday, May 21st. HSBC raised shares of NIO from a “hold” rating to a “buy” rating and increased their target price for the company from $4.80 to $6.80 in a research report on Friday, March 13th. Finally, Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.70.

NIO Price Performance

The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of -9.92 and a beta of 0.92. The company has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $5.42. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94.

NIO (NYSE:NIO) last announced its earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The business had revenue of $4.95 billion for the quarter. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. On average, equities research analysts expect that NIO Inc. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

Institutional investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC raised its stake in shares of NIO by 4.4% during the third quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock worth $328,000 after purchasing an additional 1,806 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of NIO by 17.4% in the first quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company’s stock valued at $83,000 after acquiring an additional 2,027 shares in the last quarter. Tidal Investments LLC increased its stake in shares of NIO by 0.9% during the second quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock worth $985,000 after acquiring an additional 2,433 shares during the period. TD Waterhouse Canada Inc. raised its holdings in NIO by 11.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company’s stock worth $127,000 after purchasing an additional 2,586 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in NIO by 26.4% during the fourth quarter. Wealthspire Advisors LLC now owns 12,980 shares of the company’s stock worth $66,000 after purchasing an additional 2,707 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

About NIO

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.