NIO (NYSE:NIO) Shares Gap Up to $4.13

Nio Inc – (NYSE:NIO)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.13, but opened at $4.43. NIO shares last traded at $4.45, with a volume of 20,848,991 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NIO shares. Macquarie initiated coverage on shares of NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock. Sanford C. Bernstein dropped their price target on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Bank of America reduced their price objective on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. The Goldman Sachs Group initiated coverage on NIO in a research report on Wednesday, January 3rd. They issued a “neutral” rating on the stock. Finally, UBS Group reduced their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.43.

NIO Stock Performance

The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $7.67 billion, a PE ratio of -2.56 and a beta of 1.93. The firm’s fifty day moving average price is $5.02 and its 200 day moving average price is $6.58.

NIO (NYSE:NIO) last issued its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $18.16 billion. During the same quarter last year, the firm earned ($0.51) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Nio Inc – will post -1.26 earnings per share for the current year.

Institutional Trading of NIO

Large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its position in NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after purchasing an additional 4,976,403 shares during the period. Electron Capital Partners LLC lifted its stake in shares of NIO by 5.6% in the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock worth $40,180,000 after buying an additional 235,521 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of NIO by 11.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company’s stock worth $20,853,000 after buying an additional 245,800 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in NIO by 7.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,055,591 shares of the company’s stock valued at $18,583,000 after buying an additional 134,234 shares during the last quarter. Finally, AMF Tjanstepension AB grew its stake in NIO by 132.4% in the 1st quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after buying an additional 889,900 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

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.