NIO (NYSE:NIO) Shares Up 0.4% – What’s Next?

Nio Inc – (NYSE:NIOGet Free Report)’s share price was up 0.4% on Tuesday . The stock traded as high as $4.30 and last traded at $4.29. Approximately 11,883,104 shares changed hands during trading, a decline of 71% from the average daily volume of 41,037,113 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Several research firms have recently issued reports on NIO. HSBC cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and reduced their target price for the company from $4.80 to $3.90 in a report on Monday, November 25th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Finally, Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.71.

Check Out Our Latest Report on NIO

NIO Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm’s fifty day moving average price is $4.45 and its 200 day moving average price is $4.77. The firm has a market capitalization of $7.36 billion, a PE ratio of -2.94 and a beta of 1.70.

Institutional Investors Weigh In On NIO

A number of hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after buying an additional 5,296,601 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after buying an additional 538,907 shares during the last quarter. SG Americas Securities LLC raised its position in shares of NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after buying an additional 589,082 shares during the last quarter. Swedbank AB boosted its holdings in shares of NIO by 0.8% in the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock worth $4,657,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of NIO in the 3rd quarter worth approximately $4,879,000. 48.55% of the stock is currently owned by institutional investors.

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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