NIO (NYSE:NIO) Trading Up 3.4% – Here’s What Happened

by · The Cerbat Gem

NIO Inc. (NYSE:NIO – Get Free Report)’s stock price was up 3.4% during trading on Monday . The company traded as high as $5.86 and last traded at $5.77. Approximately 51,879,399 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 59,460,688 shares. The stock had previously closed at $5.58.

Analyst Ratings Changes

NIO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Bank of America upped their price objective on NIO from $5.00 to $7.10 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Citigroup dropped their price objective on NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Finally, Macquarie set a $5.30 price target on shares of NIO in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.60.

Check Out Our Latest Research Report on NIO

NIO Trading Down 1.1%

The company’s 50-day moving average is $6.87 and its 200 day moving average is $5.36. The stock has a market capitalization of $11.36 billion, a PE ratio of -3.75 and a beta of 1.46.

NIO (NYSE:NIO – Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $20.07 billion. NIO had a negative return on equity of 1,477.97% and a negative net margin of 31.17%.The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aspex Management HK Ltd acquired a new position in shares of NIO in the 3rd quarter valued at about $266,700,000. WT Asset Management Ltd acquired a new stake in NIO during the third quarter worth about $142,120,000. Ghisallo Capital Management LLC purchased a new position in NIO during the third quarter valued at approximately $91,440,000. Voloridge Investment Management LLC acquired a new position in NIO in the third quarter valued at approximately $89,952,000. Finally, RWC Asset Advisors US LLC acquired a new position in NIO in the third quarter valued at approximately $79,761,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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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