NIO (NYSE:NIO) Stock Price Up 2.9% – Time to Buy?

NIO Inc. (NYSE:NIO) was up 2.9% during mid-day trading on Monday . The stock traded as high as $6.13 and last traded at $6.0820. Approximately 32,126,268 shares traded hands during trading, a decline of 26% from the average daily volume of 43,142,363 shares. The stock had previously closed at $5.91.

Wall Street Analyst Weigh In

NIO has been the topic of a number of research analyst reports. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a report on Wednesday, March 11th. HSBC upgraded 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. Bank of America restated a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a research note on Friday. Finally, Macquarie Infrastructure upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective for the company in a report on Thursday, January 15th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.80.

NIO Price Performance

The stock has a 50 day moving average of $5.83 and a two-hundred day moving average of $5.60. The stock has a market cap of $13.97 billion, a PE ratio of -6.27 and a beta of 0.97. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98.

NIO (NYSE:NIO) last issued its quarterly 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 924.56% and a negative net margin of 17.21%. Equities analysts anticipate that NIO Inc. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On NIO

A number of institutional investors have recently bought and sold shares of the business. Gladstone Institutional Advisory LLC lifted its holdings in shares of NIO by 12.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares during the last quarter. MGO One Seven LLC lifted its holdings in shares of NIO by 10.6% during the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock valued at $124,000 after buying an additional 1,560 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of NIO by 4.4% during the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after buying an additional 1,806 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of NIO by 17.4% during the 1st quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company’s stock valued at $83,000 after buying an additional 2,027 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after buying an additional 2,433 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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.