NIO (NYSE:NIO) Shares Up 5.1% – Should You Buy?

Nio Inc – (NYSE:NIO) rose 5.1% on Monday . The stock traded as high as $3.71 and last traded at $3.70. Approximately 19,033,048 shares were traded during trading, a decline of 66% from the average daily volume of 56,300,926 shares. The stock had previously closed at $3.52.

Wall Street Analysts Forecast Growth

NIO has been the subject of a number of research analyst reports. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Citigroup reduced their price objective on NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research note on Monday, March 24th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Cfra Research raised shares of NIO to a “hold” rating in a research report on Friday, March 21st. Finally, Mizuho lowered their price objective on shares of NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.05.

NIO Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $4.67. The stock has a market cap of $7.60 billion, a P/E ratio of -2.41 and a beta of 1.74.

NIO (NYSE:NIO) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the firm posted ($2.81) earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Nio Inc – will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its stake in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp lifted its position in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in NIO in the 4th quarter valued at about $44,000. Callan Family Office LLC bought a new position in shares of NIO in the fourth quarter worth about $44,000. Finally, Trilogy Capital Inc. acquired a new position in shares of NIO during the fourth quarter worth approximately $45,000. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

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.