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

Key Points

• NIO's share price fell by 1.3% on Friday, trading as low as $6.52 and last at $6.74, with a trading volume increase of 25% from the average.
• Analysts have mixed views on NIO, with ratings ranging from buy to sell; the stock currently has a consensus rating of "Hold" and a price target of $6.35.
• The company reported a quarterly earnings miss with earnings per share at ($0.32), compared to expectations of ($0.30), and posted a revenue of $2.65 billion, up 9% year-over-year.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price was down 1.3% on Friday . The stock traded as low as $6.52 and last traded at $6.74. Approximately 75,673,865 shares were traded during trading, an increase of 25% from the average daily volume of 60,733,656 shares. The stock had previously closed at $6.83.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NIO shares. Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. UBS Group raised shares of NIO from a "neutral" rating to a "buy" rating and raised their target price for the company from $6.20 to $8.50 in a research report on Tuesday, September 16th. JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and raised their target price for the company from $4.80 to $8.00 in a research report on Tuesday, August 26th. Weiss Ratings reissued a "sell (e+)" rating on shares of NIO in a research report on Wednesday, October 8th. Finally, Bank of America lifted their price objective on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $6.35.

NIO Trading Down 1.3%

The firm's 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $4.76. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of -4.21 and a beta of 1.30.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $20.07 billion. During the same quarter last year, the firm earned ($2.21) EPS. NIO's revenue for the quarter was up 9.0% compared to the same quarter last year. NIO has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

A number of institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its position in shares of NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company's stock worth $985,000 after purchasing an additional 2,433 shares during the period. Farther Finance Advisors LLC lifted its position in shares of NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock worth $37,000 after purchasing an additional 2,877 shares during the period. Tempus Wealth Planning LLC lifted its position in shares of NIO by 7.4% in the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock worth $163,000 after purchasing an additional 2,943 shares during the period. Redwood Wealth Management Group LLC lifted its position in shares of NIO by 4.9% in the 2nd quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company's stock worth $237,000 after purchasing an additional 3,215 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of NIO by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock worth $303,000 after purchasing an additional 3,527 shares during the period. 48.55% of the stock is owned by 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.

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