Stocks

NIO (NYSE:NIO) Shares Up 2.8% - What's Next?

Published January 26, 2025

Nio Inc (NYSE:NIO) saw its share price increase by 2.8% on Friday, closing at $4.25 after reaching a high of $4.22 during the trading session. This trading day saw about 8,078,009 shares changing hands, which is a significant drop of 80% from the typical daily volume of 40,244,711 shares. The previous closing price was $4.13.

Analyst Ratings

Several analysts have reviewed NIO recently, resulting in various upgrades and downgrades. HSBC changed its position on NIO, reducing its rating from "buy" to "hold" on January 7th. Meanwhile, Goldman Sachs lowered its rating from "neutral" to "sell" and decreased its price target from $4.80 to $3.90 in a note dated November 25th. Additionally, Macquarie downgraded NIO from "outperform" to "neutral," while also adjusting its price target from $6.60 to $4.80 on November 20th. At the same time, Daiwa America upgraded NIO to a "strong-buy" rating on September 30th. Currently, the stock has received two sell ratings, nine hold ratings, two buy ratings, and one strong buy rating according to MarketBeat, resulting in an average rating of "Hold" with a price target of $5.71.

NIO's Moving Averages

NIO's stock price is currently situated below its moving averages, with a 50-day moving average of $4.48 and a 200-day moving average of $4.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04, and a quick ratio of 0.93. With a market capitalization of $7.35 billion, the stock has a P/E ratio of -2.83 and a beta of 1.70.

Institutional Investments

Changes in investment from institutional investors have also been notable. Blue Trust Inc. increased its stake in NIO by 138.5% during the fourth quarter, owning a total of 6,212 shares valued at approximately $27,000 after acquiring an additional 3,607 shares. Allspring Global Investments purchased a new stake valued at around $32,000 in the third quarter, while U.S. Capital Wealth Advisors also made a new purchase in the fourth quarter, worth about $53,000. Perigon Wealth Management raised its stake by 24.1% in the same period, owning a total of 14,769 shares worth $61,000. Furthermore, AE Wealth Management acquired a new stake in NIO during the second quarter for about $75,000. Currently, 48.55% of NIO’s shares are owned by institutional and hedge funds.

About NIO Inc.

NIO Inc. operates in the electric vehicle sector in the People's Republic of China, encompassing the design, manufacturing, and retail of electric vehicles. The company also engages in producing e-powertrains, battery packs, and components. Furthermore, NIO offers power solutions to cater to battery charging needs as part of its value-added services.

Conclusion

The performance of NIO’s stock on Friday adds an interesting dynamic to the ongoing discussion regarding the company's future, particularly with varying analyst sentiments and significant institutional activity.

NIO, Stocks, Investing