NIO (NYSE:NIO) Stock Price Up 1.5% – Should You Buy?

NIO Inc. (NYSE:NIO)’s share price was up 1.5% during trading on Tuesday . The stock traded as high as $5.38 and last traded at $5.28. Approximately 38,669,801 shares traded hands during trading, a decline of 9% from the average daily volume of 42,625,438 shares. The stock had previously closed at $5.20.

Analysts Set New Price Targets

Several equities research analysts recently commented on NIO shares. Bank of America reaffirmed a “neutral” rating and issued a $6.80 price objective on shares of NIO in a research note on Thursday. Sanford C. Bernstein reissued a “market perform” rating and set a $6.00 target price on shares of NIO in a research note on Friday. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price on the stock in a research note on Wednesday, March 11th. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NIO has an average rating of “Hold” and an average price target of $6.70.

NIO Trading Up 1.5%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The stock has a fifty day moving average of $6.07 and a 200-day moving average of $5.48. The company has a market cap of $12.13 billion, a PE ratio of -9.60 and a beta of 0.97.

NIO (NYSE:NIO) last issued its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $4.95 billion during the quarter. NIO had a negative return on equity of 396.04% and a negative net margin of 8.78%. Sell-side analysts anticipate that NIO Inc. will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp increased its position in NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after buying an additional 2,950 shares in the last quarter. Arax Advisory Partners increased its position in NIO by 81.6% during the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after buying an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in NIO during the 4th quarter valued at about $41,000. Merkkuri Wealth Advisors LLC acquired a new position in NIO during the 1st quarter valued at about $41,000. Finally, MV Capital Management Inc. acquired a new position in NIO during the 4th quarter valued at about $42,000. 48.55% of the stock is owned by institutional investors.

About NIO

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.