NIO (NYSE:NIO) Trading Down 0.5% - Should You Sell?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) traded down 0.5% on Wednesday . The stock traded as low as $3.04 and last traded at $3.13. 22,191,335 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 56,146,705 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NIO shares. Citigroup decreased their target price on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research report on Monday, March 24th. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Mizuho cut their target price on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Up 6.6 %

The company has a 50-day moving average of $4.23 and a two-hundred day moving average of $4.67. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market capitalization of $7.30 billion, a PE ratio of -2.32 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.81) earnings per share. Sell-side analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

Large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in shares of NIO by 138.5% during the fourth 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 grew its holdings 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. Callan Family Office LLC bought a new stake in shares of NIO during the fourth quarter valued at approximately $44,000. Sava Infond d.o.o. purchased a new position in shares of NIO in the fourth quarter worth $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO during the fourth quarter worth $45,000. 48.55% of the stock is currently owned by hedge funds and other 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.