NIO (NYSE:NIO) Trading 3.2% Higher – Should You Buy?

Nio Inc – (NYSE:NIO) shares rose 3.2% on Tuesday . The company traded as high as $3.75 and last traded at $3.72. Approximately 16,509,941 shares were traded during trading, a decline of 69% from the average daily volume of 52,882,723 shares. The stock had previously closed at $3.60.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho reduced their price target on NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, June 3rd. Citigroup reiterated a “buy” rating on shares of NIO in a report on Monday, April 28th. Barclays reduced their target price on shares of NIO from $4.00 to $3.00 and set an “underweight” rating for the company in a report on Wednesday, June 4th. Finally, Cfra Research upgraded shares of NIO to a “hold” rating in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NIO has a consensus rating of “Hold” and a consensus price target of $4.76.

NIO Stock Up 4.9%

The stock’s 50-day simple moving average is $3.76 and its 200 day simple moving average is $4.19. The firm has a market cap of $7.89 billion, a P/E ratio of -2.51 and a beta of 1.62. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the firm posted ($2.39) earnings per share. As a group, research analysts forecast that Nio Inc – will post -1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp increased its stake in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares during the last quarter. Xponance Inc. bought a new position in shares of NIO during the 1st quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new position in shares of NIO in the 1st quarter worth approximately $43,000. Finally, Callan Family Office LLC bought a new position in shares of NIO in the fourth quarter valued at approximately $44,000. 48.55% of the stock is owned by institutional investors.

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.