NIO (NYSE:NIO) Stock Price Up 1.9% – What’s Next?

Shares of NIO Inc. (NYSE:NIO) traded up 1.9% during trading on Tuesday . The stock traded as high as $5.18 and last traded at $5.0260. 22,838,204 shares were traded during trading, a decline of 43% from the average daily volume of 39,938,816 shares. The stock had previously closed at $4.93.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NIO shares. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 price objective on shares of NIO in a research report on Friday, May 22nd. Bank of America reiterated a “neutral” rating and set a $6.80 target price on shares of NIO in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group raised shares of NIO from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.70.

NIO Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94. The company has a market cap of $12.63 billion, a price-to-earnings ratio of -9.23 and a beta of 0.90. The stock has a 50 day moving average price of $5.35 and a two-hundred day moving average price of $5.38.

NIO (NYSE:NIO) last released its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $4.95 billion for the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%. Analysts predict that NIO Inc. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On NIO

Several large investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NIO by 3,966.7% during 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 buying an additional 5,185,565 shares during the period. Franklin Resources Inc. raised its position in NIO by 50.9% in the 2nd quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock valued at $61,000 after buying an additional 5,974 shares during the last quarter. Invesco Ltd. boosted its position in NIO by 22.7% during the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after acquiring an additional 506,618 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of NIO by 67.4% in the second quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock valued at $251,000 after purchasing an additional 29,501 shares during the last quarter. Finally, AXA S.A. acquired a new position in NIO during the second quarter worth $64,000. 48.55% of the stock is currently owned by institutional investors.

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.