NIO (NYSE:NIO) Trading 0.9% Higher – Still a Buy?

Shares of Nio Inc – (NYSE:NIO) traded up 0.9% on Monday . The company traded as high as $3.84 and last traded at $3.79. 32,109,547 shares were traded during trading, a decline of 42% from the average session volume of 55,762,847 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

NIO has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a research note on Monday, March 24th. Mizuho reduced their price target on shares of NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Cfra Research raised shares of NIO to a “hold” rating in a research note on Friday, March 21st. Finally, Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NIO presently has a consensus rating of “Hold” and a consensus price target of $5.00.

NIO Stock 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 has a market cap of $8.07 billion, a price-to-earnings ratio of -2.56 and a beta of 1.81. The stock has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $4.81.

NIO (NYSE:NIO) last issued its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. NIO’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted ($2.81) EPS. Analysts predict that Nio Inc – will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after acquiring an additional 538,907 shares in the last quarter. Bridgewater Associates LP lifted its holdings in NIO by 28.6% during the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company’s stock worth $5,170,000 after acquiring an additional 263,338 shares in the last quarter. SG Americas Securities LLC grew its stake in NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after acquiring an additional 589,082 shares during the period. Finally, Swedbank AB increased its holdings in shares of NIO by 0.8% in the fourth quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock worth $4,657,000 after acquiring an additional 9,000 shares in the last quarter. Institutional investors and hedge funds 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.