NIO (NYSE:NIO) Trading Up 7.9% Following Analyst Upgrade

NIO Inc. (NYSE:NIO) was up 7.9% during trading on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $8.00 price target on the stock, up from their previous price target of $4.80. NIO traded as high as $6.83 and last traded at $6.57. Approximately 80,194,981 shares traded hands during trading, an increase of 48% from the average daily volume of 54,285,852 shares. The stock had previously closed at $6.09.

A number of other analysts also recently issued reports on the company. Mizuho lowered their price target on NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. Barclays lowered their price target on NIO from $4.00 to $3.00 and set an “underweight” rating for the company in a research report on Wednesday, June 4th. The Goldman Sachs Group upgraded NIO from a “sell” rating to a “neutral” rating and raised their price target for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Morgan Stanley reiterated a “buy” rating on shares of NIO in a research note on Monday, July 14th. Finally, Citigroup reiterated a “buy” rating on shares of NIO in a research note on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.21.

Hedge Funds Weigh In On NIO

Institutional investors have recently made changes to their positions in the company. Xponance Inc. purchased a new position in shares of NIO during the first quarter valued at $39,000. Blueshift Asset Management LLC purchased a new position in shares of NIO during the first quarter valued at $43,000. Annex Advisory Services LLC purchased a new position in shares of NIO during the first quarter valued at $47,000. Hedeker Wealth LLC purchased a new position in shares of NIO during the second quarter valued at $43,000. Finally, May Hill Capital LLC purchased a new position in shares of NIO during the first quarter valued at $48,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

The stock has a market cap of $13.97 billion, a PE ratio of -4.13 and a beta of 1.42. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.15.

NIO (NYSE:NIO) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.23). NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $12.46 billion. During the same quarter in the prior year, the business posted ($2.39) EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. NIO has set its Q2 2025 guidance at EPS. As a group, research analysts forecast that NIO Inc. will post -1.43 earnings per share for the current year.

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.