NIO (NYSE:NIO) Stock Price Up 1.5% – Still a Buy?

by · The Cerbat Gem

NIO Inc. (NYSE:NIO – Get Free Report) was up 1.5% during mid-day trading on Monday . The company traded as high as $5.23 and last traded at $5.1150. Approximately 32,591,628 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 59,433,465 shares. The stock had previously closed at $5.04.

Analyst Ratings Changes

Several research firms have recently commented on NIO. Bank of America lifted their price objective on shares of NIO from $5.00 to $7.10 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. UBS Group cut NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Citigroup dropped their price target on NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Mizuho raised their price objective on NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Macquarie set a $5.30 target price on NIO in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.73.

View Our Latest Research Report on NIO

NIO Price Performance

The firm has a 50-day simple moving average of $6.59 and a two-hundred day simple moving average of $5.42. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of -3.53 and a beta of 1.04. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Gladstone Institutional Advisory LLC boosted its position in NIO by 12.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock worth $101,000 after purchasing an additional 1,500 shares in the last quarter. MGO One Seven LLC lifted its stake in shares of NIO by 10.6% in the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock valued at $124,000 after purchasing an additional 1,560 shares during the period. Insigneo Advisory Services LLC boosted its holdings in NIO by 4.4% during the third quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock worth $328,000 after buying an additional 1,806 shares in the last quarter. Tidal Investments LLC boosted its holdings in NIO by 0.9% during the second quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock worth $985,000 after buying an additional 2,433 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after buying an additional 2,877 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

About NIO

(Get Free Report)

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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