NIO (NYSE:NIO) Trading Down 1.8% - Should You Sell?

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price dropped 1.8% during mid-day trading on Tuesday . The company traded as low as $4.06 and last traded at $4.13. Approximately 11,029,889 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 54,715,930 shares. The stock had previously closed at $4.20.

Wall Street Analyst Weigh In

NIO has been the subject of a number of research analyst reports. Mizuho dropped their price target on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Citigroup restated a "buy" rating on shares of NIO in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, Cfra Research upgraded shares of NIO to a "hold" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.05.

NIO Price Performance

The company has a 50 day moving average of $4.03 and a 200-day moving average of $4.36. The stock has a market capitalization of $8.42 billion, a P/E ratio of -2.67 and a beta of 1.73. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

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

Institutional Investors Weigh In On NIO

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its holdings 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 during the period. Trexquant Investment LP acquired a new position in shares of NIO during the fourth quarter valued at $3,305,000. Hsbc Holdings PLC increased its holdings in shares of NIO by 96.6% during the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after purchasing an additional 510,610 shares during the period. Raymond James Financial Inc. acquired a new position in shares of NIO during the fourth quarter valued at $1,776,000. Finally, XY Capital Ltd acquired a new position in shares of NIO during the fourth quarter valued at $1,544,000. 48.55% of the stock is currently 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.