NIO (NYSE:NIO) Shares Down 1.6% - Should You Sell?

Key Points

• NIO shares fell 1.6% to $4.525 during Tuesday trading, below both the 50-day moving average of $4.86 and the 200-day moving average of $5.36.
• Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $6.70, compared with recent ratings ranging from sell to strong buy.
• Institutional investors own 48.55% of NIO, with several major firms—including UBS Asset Management, Invesco and First Trust Advisors—recently increasing their holdings.

NIO Inc. (NYSE:NIO - Get Free Report) shares were down 1.6% during trading on Tuesday . The company traded as low as $4.48 and last traded at $4.5250. 17,906,912 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 37,429,922 shares. The stock had previously closed at $4.60.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of NIO in a report on Wednesday, July 29th. Sanford C. Bernstein restated a "market perform" rating and issued a $6.00 price objective on shares of NIO in a report on Friday, May 22nd. Bank of America reaffirmed a "neutral" rating and set a $6.80 target price on shares of NIO in a report on Thursday, May 21st. Zacks Research upgraded shares of NIO from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, The Goldman Sachs Group raised NIO from a "neutral" rating to a "buy" rating and set a $7.00 target price for the company in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $6.70.

NIO Trading Down 1.6%

The firm has a market cap of $11.24 billion, a PE ratio of -8.23 and a beta of 0.91. The firm has a fifty day simple moving average of $4.86 and a two-hundred day simple moving average of $5.36. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94.

Institutional Trading of NIO

Large investors have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after purchasing an additional 5,185,565 shares during the period. Franklin Resources Inc. lifted its holdings in NIO by 50.9% in the second quarter. Franklin Resources Inc. now owns 17,707 shares of the company's stock worth $61,000 after buying an additional 5,974 shares during the period. Invesco Ltd. lifted its holdings in NIO by 22.7% in the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company's stock worth $9,392,000 after buying an additional 506,618 shares during the period. First Trust Advisors LP boosted its position in NIO by 67.4% during the 2nd quarter. First Trust Advisors LP now owns 73,280 shares of the company's stock valued at $251,000 after acquiring an additional 29,501 shares in the last quarter. Finally, AXA S.A. purchased a new position in shares of NIO during the 2nd quarter worth approximately $64,000. Institutional investors own 48.55% of the company's stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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