NIO (NYSE:NIO) Trading Down 1.1% - Here's What Happened

Key Points

• NIO Inc. shares decreased by 1.1%, closing at $7.37, with a trading volume increase of 31% from the average daily volume.
• Recent research reports show upgrades in ratings for NIO, including Goldman Sachs moving from a "sell" to a "neutral" and Bank of America increasing their price objective from $5.00 to $7.10.
• The company reported a loss of ($0.32) earnings per share for the last quarter, missing consensus estimates, while revenue increased by 9.0% compared to the same quarter last year.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price fell 1.1% on Thursday . The company traded as low as $7.20 and last traded at $7.37. 76,380,974 shares were traded during trading, an increase of 31% from the average session volume of 58,328,945 shares. The stock had previously closed at $7.45.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NIO. Barclays cut their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. Bank of America increased their price objective on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. UBS Group raised shares of NIO from a "neutral" rating to a "buy" rating and increased their price objective for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. Morgan Stanley reissued a "buy" rating on shares of NIO in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.16.

NIO Price Performance

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of -4.59 and a beta of 1.20. The business's fifty day simple moving average is $5.45 and its 200 day simple moving average is $4.41.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. On average, research analysts forecast that NIO Inc. will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NIO. Vident Advisory LLC lifted its stake in shares of NIO by 60.6% in the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company's stock valued at $235,000 after buying an additional 20,349 shares in the last quarter. Shufro Rose & Co. LLC bought a new position in shares of NIO in the fourth quarter valued at $65,000. Annex Advisory Services LLC bought a new position in shares of NIO during the first quarter valued at about $47,000. SG Americas Securities LLC lifted its position in shares of NIO by 83.3% during the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in shares of NIO by 44.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 39,492 shares of the company's stock valued at $150,000 after purchasing an additional 12,080 shares in the last quarter. 48.55% of the stock is owned by institutional investors.

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.