NIO (NYSE:NIO) Trading 1.6% Higher – What’s Next?

Nio Inc – (NYSE:NIO)’s stock price rose 1.6% during trading on Monday . The company traded as high as $3.59 and last traded at $3.57. Approximately 8,307,418 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 52,727,519 shares. The stock had previously closed at $3.51.

Analyst Ratings Changes

NIO has been the topic of several recent research reports. Cfra Research raised NIO to a “hold” rating in a research report on Friday, March 21st. Barclays cut their target price on NIO from $4.00 to $3.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 4th. Mizuho decreased their price target on shares of NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of NIO in a research report on Monday, April 28th. Two research 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 stock. Based on data from MarketBeat.com, NIO presently has a consensus rating of “Hold” and an average target price of $4.76.

NIO Trading Up 0.7%

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 capitalization of $7.38 billion, a PE ratio of -2.34 and a beta of 1.62. The company has a fifty day simple moving average of $3.78 and a 200-day simple moving average of $4.17.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NIO by 3,966.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after purchasing an additional 5,185,565 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of NIO by 39.1% in the 1st quarter. Advisors Asset Management Inc. now owns 123,467 shares of the company’s stock valued at $470,000 after buying an additional 34,678 shares during the last quarter. Rafferty Asset Management LLC lifted its position in NIO by 38.9% in the first quarter. Rafferty Asset Management LLC now owns 50,109 shares of the company’s stock valued at $191,000 after acquiring an additional 14,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in NIO by 49.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,441 shares of the company’s stock valued at $70,000 after acquiring an additional 6,078 shares in the last quarter. Finally, Compound Planning Inc. boosted its position in shares of NIO by 25.5% in the 1st quarter. Compound Planning Inc. now owns 33,746 shares of the company’s stock valued at $129,000 after purchasing an additional 6,865 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

About 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.