NIO (NYSE:NIO) Stock Price Up 1% – What’s Next?

Nio Inc – (NYSE:NIO) shares were up 1% during trading on Monday . The company traded as high as $5.04 and last traded at $4.95. Approximately 13,289,533 shares traded hands during trading, a decline of 76% from the average daily volume of 54,984,946 shares. The stock had previously closed at $4.90.

Analyst Ratings Changes

NIO has been the topic of a number of analyst reports. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.03.

NIO Stock Up 2.6 %

The company has a market cap of $10.49 billion, a price-to-earnings ratio of -3.33 and a beta of 1.81. The stock has a 50-day simple moving average of $4.38 and a 200-day simple moving average of $4.84. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On NIO

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares in the last quarter. Sava Infond d.o.o. purchased a new position in shares of NIO during the 4th quarter valued at $44,000. Callan Family Office LLC purchased a new position in NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new position in NIO in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.