NIO (NYSE:NIO) Issues Earnings Results, Misses Estimates By $0.23 EPS

NIO (NYSE:NIO - Get Free Report) released its earnings results on Tuesday. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.23), Zacks reports. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $12.46 billion. During the same period in the prior year, the business posted ($2.39) EPS. NIO's revenue for the quarter was up 21.5% on a year-over-year basis. NIO updated its Q2 2025 guidance to EPS.

NIO Stock Up 6.5%

Shares of NIO stock traded up $0.23 during trading on Wednesday, hitting $3.76. The company's stock had a trading volume of 72,454,980 shares, compared to its average volume of 53,330,196. NIO has a 52 week low of $3.02 and a 52 week high of $7.71. 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 has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $4.23. The company has a market capitalization of $7.85 billion, a PE ratio of -2.49 and a beta of 1.73.

Wall Street Analysts Forecast Growth

NIO has been the subject of several analyst reports. Citigroup restated a "buy" rating on shares of NIO in a report on Monday, April 28th. Mizuho decreased their target price on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday. Cfra Research upgraded shares of NIO to a "hold" rating in a report on Friday, March 21st. Barclays cut their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $4.76.

Hedge Funds Weigh In On NIO

A hedge fund recently raised its stake in NIO stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Nio Inc - (NYSE:NIO - Free Report) by 3,966.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,316,291 shares of the company's stock after acquiring an additional 5,185,565 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.25% of NIO worth $20,255,000 as of its most recent SEC filing. Institutional investors and hedge funds own 48.55% of the company's stock.

About NIO

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.