NIO (NYSE:NIO) Shares Down 1.3% - Time to Sell?

Key Points

• NIO's shares fell by 1.3% during trading, closing at $7.60 after reaching a low of $7.58.
• The stock has a consensus rating of "Hold" with a consensus target price of $6.35, while recent research updates from various analysts have varied from "buy" to "sell" ratings.
• NIO's quarterly earnings were disappointing, reporting a loss per share of ($0.32), missing estimates and showing a negative net margin of 34.71%.

NIO Inc. (NYSE:NIO - Get Free Report) dropped 1.3% during trading on Monday . The stock traded as low as $7.58 and last traded at $7.60. Approximately 60,550,166 shares changed hands during trading, an increase of 1% from the average daily volume of 59,894,020 shares. The stock had previously closed at $7.70.

Analyst Upgrades and Downgrades

NIO has been the topic of several research reports. Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Bank of America lifted their price target on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. UBS Group raised NIO from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $6.20 to $8.50 in a report on Tuesday, September 16th. Citigroup increased their price target on shares of NIO from $8.10 to $8.60 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NIO has a consensus rating of "Hold" and a consensus target price of $6.35.

NIO Price Performance

The firm has a market capitalization of $15.86 billion, a PE ratio of -4.75 and a beta of 1.30. The business's 50 day moving average is $6.06 and its two-hundred day moving average is $4.60.

NIO (NYSE:NIO - Get Free Report) last issued 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). NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same period in the previous year, the company earned ($2.21) EPS. NIO's quarterly revenue was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. Analysts expect that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Xponance Inc. bought a new stake in shares of NIO in the 1st quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new position in NIO in the 1st quarter worth $43,000. Hedeker Wealth LLC bought a new stake in NIO in the second quarter worth $43,000. May Hill Capital LLC bought a new stake in NIO in the first quarter worth $48,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in NIO during the first quarter valued at about $50,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

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.

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