NIO Inc. (NYSE:NIO – Get Free Report)’s stock price traded up 1.9% on Tuesday . The stock traded as high as $5.18 and last traded at $5.0260. Approximately 22,838,204 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 39,938,816 shares. The stock had previously closed at $4.93.
Key Headlines Impacting NIO
Here are the key news stories impacting NIO this week:
- Positive Sentiment: Goldman Sachs turned bullish on NIO, citing stronger growth, improving profitability prospects, and a roughly 40%+ upside case with a higher price target. Buy the dip on this Chinese EV maker that’s poised for a comeback, says Goldman Sachs
- Positive Sentiment: Another Goldman-related report says NIO could see about 43% vehicle-volume growth and 60% revenue growth this year, reinforcing the turnaround narrative. NIO Stock Jumps Overnight: Goldman Sachs Sees Over 40% Upside On ‘Successful Turnaround’ In Premium SUVs
- Positive Sentiment: Several recent pieces argue NIO is no longer just a cash-burn story, with latest financials and delivery momentum supporting a more constructive outlook. What Investors Don’t Know About Nio
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. The Goldman Sachs Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Monday. Bank of America reissued a “neutral” rating and set a $6.80 price objective on shares of NIO in a research report on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $6.00 target price on shares of NIO in a report on Friday, May 22nd. Finally, Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.70.
NIO Stock Performance
The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94. The company has a market cap of $12.48 billion, a P/E ratio of -9.14 and a beta of 0.90. The business’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $5.38.
NIO (NYSE:NIO – Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $4.95 billion during the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%. Sell-side analysts predict that NIO Inc. will post -0.13 earnings per share for the current fiscal year.
Institutional Trading of NIO
Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in NIO by 89.9% in the 4th quarter. SG Americas Securities LLC now owns 3,006,407 shares of the company’s stock worth $15,333,000 after purchasing an additional 1,423,350 shares during the period. ABC Arbitrage SA bought a new stake in shares of NIO during the first quarter valued at approximately $4,043,000. Hsbc Holdings PLC lifted its holdings in shares of NIO by 48.8% in the fourth quarter. Hsbc Holdings PLC now owns 680,382 shares of the company’s stock worth $3,445,000 after buying an additional 223,178 shares in the last quarter. Havemeyer Place LP purchased a new position in shares of NIO in the fourth quarter worth $1,985,000. Finally, Swedbank AB boosted its position in shares of NIO by 25.3% during the fourth quarter. Swedbank AB now owns 424,491 shares of the company’s stock worth $2,165,000 after acquiring an additional 85,602 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.
NIO Company Profile
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.
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