NIO (NIO) Shares Up 1.1%

Nio Inc – (NYSE:NIO) shot up 1.1% during trading on Wednesday . The stock traded as high as $4.67 and last traded at $4.72. 217,096 shares were traded during mid-day trading, a decline of 99% from the average session volume of 18,756,120 shares. The stock had previously closed at $4.67.

Several research firms have recently commented on NIO. Bank of America lowered shares of NIO from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $8.00 to $6.80 in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of NIO from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Goldman Sachs Group initiated coverage on shares of NIO in a research note on Thursday, March 7th. They set a “buy” rating and a $10.70 price objective for the company. Deutsche Bank set a $10.00 price objective on shares of NIO and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, 86 Research initiated coverage on shares of NIO in a research note on Tuesday, January 15th. They set a “sell” rating and a $4.70 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $7.56.

The company has a current ratio of 1.42, a quick ratio of 1.25 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $4.44 billion and a P/E ratio of -0.46.

NIO (NYSE:NIO) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.49) EPS for the quarter. The company had revenue of $499.69 million for the quarter. As a group, equities analysts expect that Nio Inc – will post -1.23 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc purchased a new stake in shares of NIO in the 1st quarter valued at $26,000. Psagot Investment House Ltd. purchased a new stake in NIO during the first quarter worth $29,000. Enlightenment Research LLC purchased a new stake in NIO during the fourth quarter worth $35,000. Barclays PLC purchased a new stake in NIO during the fourth quarter worth $36,000. Finally, Moors & Cabot Inc. purchased a new stake in NIO during the first quarter worth $64,000. 22.41% of the stock is currently owned by institutional investors.

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NIO Company Profile (NYSE:NIO)

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.

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