NIO (NYSE:NIO) Shares Gap Up – Here’s Why

Nio Inc – (NYSE:NIO)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.46, but opened at $4.75. NIO shares last traded at $4.85, with a volume of 22,359,445 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.80 to $3.90 in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.30.

NIO Stock Performance

The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of -3.37 and a beta of 1.81. 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 company’s fifty day simple moving average is $4.35 and its two-hundred day simple moving average is $4.82.

Institutional Trading of NIO

A number of hedge funds and other institutional investors have recently made changes to their positions in NIO. Blue Trust Inc. increased its position in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in shares of NIO during the 4th quarter worth about $44,000. Callan Family Office LLC acquired a new stake in shares of NIO during the 4th quarter worth about $44,000. Finally, Trilogy Capital Inc. bought a new stake in NIO during the 4th quarter worth about $45,000. 48.55% of the stock is currently owned by institutional investors.

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.