NIO (NYSE:NIO) Shares Gap Up - Here's Why

Market Beat
2025.03.20 09:10
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NIO Inc. (NYSE:NIO) shares gapped up from $5.03 to $5.28 before trading, closing at $5.14 with a volume of 22.7 million shares. Analysts have downgraded the stock, with JPMorgan lowering its target from $7.00 to $4.70, and Goldman Sachs from $4.80 to $3.90. The consensus rating is 'Hold' with an average target price of $5.03. Institutional investors own 48.55% of NIO, which designs and sells electric vehicles in China. The company has a market cap of $10.78 billion and a P/E ratio of -3.42.

Nio Inc - (NYSE:NIO - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.03, but opened at $5.28. NIO shares last traded at $5.14, with a volume of 22,699,635 shares.

Analyst Ratings Changes

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Several equities analysts have weighed in on the company. JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and cut their target price for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. The Goldman Sachs Group cut shares of NIO from a "neutral" rating to a "sell" rating and decreased their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $5.03.

View Our Latest Stock Analysis on NIO

NIO Trading Down 0.5 %

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The firm's 50-day simple moving average is $4.41 and its 200-day simple moving average is $4.86. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $10.78 billion, a P/E ratio of -3.42 and a beta of 1.81.

Institutional Investors Weigh In On NIO

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp increased its position in NIO by 131.8% during 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. purchased a new position in shares of NIO in the 4th quarter worth about $44,000. Callan Family Office LLC purchased a new stake in shares of NIO during the fourth quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. bought a new position in NIO in the 4th quarter valued at approximately $45,000. Institutional investors own 48.55% of the company's stock.

About NIO

(Get Free Report)
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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.

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