NIO (NYSE:NIO) Shares Up 3.5% – Time to Buy?

NIO Inc. (NYSE:NIO)’s stock price shot up 3.5% on Monday . The stock traded as high as $6.14 and last traded at $6.0550. 30,500,045 shares were traded during mid-day trading, a decline of 28% from the average session volume of 42,140,863 shares. The stock had previously closed at $5.85.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NIO. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price on the stock in a research note on Wednesday, March 11th. Bank of America reissued a “neutral” rating on shares of NIO in a research note on Tuesday, March 10th. Macquarie Infrastructure raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 target price for the company in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, NIO currently has an average rating of “Hold” and a consensus price target of $6.80.

NIO Trading Up 3.5%

The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.87. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of -6.24 and a beta of 0.97. The business has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $5.58.

NIO (NYSE:NIO) last posted its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $4.95 billion during the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%. As a group, equities analysts expect that NIO Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of NIO

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in NIO by 148.3% in the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after purchasing an additional 2,877 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after buying an additional 2,950 shares in the last quarter. Allworth Financial LP boosted its stake in shares of NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in shares of NIO during the 1st quarter worth about $41,000. Finally, Arax Advisory Partners grew its holdings in shares of NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after acquiring an additional 3,487 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

About NIO

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.