NIO (NYSE:NIO) Trading Up 3.8% – Should You Buy?

Nio Inc – (NYSE:NIO)’s stock price rose 3.8% during trading on Friday . The company traded as high as $4.69 and last traded at $4.54. Approximately 43,196,259 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 44,732,063 shares. The stock had previously closed at $4.37.

Analyst Ratings Changes

Several brokerages recently weighed in on NIO. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NIO has an average rating of “Hold” and an average price target of $5.38.

NIO Price Performance

The business has a fifty day moving average of $4.35 and a 200-day moving average of $4.76. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $9.28 billion, a P/E ratio of -2.94 and a beta of 1.68.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO in the 3rd quarter worth approximately $32,000. Blue Trust Inc. boosted its holdings in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp grew its position in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares during the last quarter. Sava Infond d.o.o. bought a new position in shares of NIO in the fourth quarter valued at $44,000. Finally, Callan Family Office LLC acquired a new stake in shares of NIO during the 4th quarter valued at $44,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Company Profile

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.