NIO (NYSE:NIO) Shares Down 2% - What's Next?

Key Points

• Shares fell about 2% in mid-day trading to around $4.97 (intraday low $4.94) on volume of ~39.4M shares, roughly 17% below the session average and off a prior close of $5.07.
• Wall Street sentiment is mixed with a MarketBeat consensus of Hold and a consensus price target of $6.83 (ratings split: 4 Buy, 5 Hold, 2 Sell), alongside recent divergent analyst moves including a Weiss sell and a Macquarie upgrade to outperform.
• Key fundamentals show stretched liquidity and leverage—current ratio 0.94, quick ratio 0.83, debt/equity 2.36—and a negative PE (-3.43) with market cap about $10.37B.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price fell 2% during mid-day trading on Thursday . The company traded as low as $4.94 and last traded at $4.97. 39,389,863 shares were traded during mid-day trading, a decline of 17% from the average session volume of 47,584,547 shares. The stock had previously closed at $5.07.

Wall Street Analyst Weigh In

NIO has been the topic of several research analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of NIO in a research note on Monday, December 29th. Macquarie Infrastructure raised NIO from a "neutral" rating to an "outperform" rating and set a $6.10 target price on the stock in a report on Thursday, January 15th. UBS Group cut NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, November 25th. Citigroup decreased their price objective on shares of NIO from $8.60 to $6.90 and set a "buy" rating on the stock in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $7.00 price objective on shares of NIO in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, NIO has a consensus rating of "Hold" and a consensus price target of $6.83.

NIO Price Performance

The company's 50 day simple moving average is $4.87 and its 200 day simple moving average is $5.77. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $10.37 billion, a PE ratio of -3.43 and a beta of 1.10.

Institutional Investors Weigh In On NIO

A number of institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp increased its position in NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company's stock worth $30,000 after purchasing an additional 2,950 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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. Eurizon Capital SGR S.p.A. purchased a new position in shares of NIO in the 4th quarter worth about $41,000. Hedeker Wealth LLC acquired a new position in shares of NIO in the 2nd quarter valued at about $43,000. Finally, Allworth Financial LP grew its holdings in shares of NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company's stock worth $50,000 after purchasing an additional 4,269 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

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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