NIO (NYSE:NIO) Trading Down 2.1% - Should You Sell?

Nio Inc - (NYSE:NIO - Get Free Report) was down 2.1% during mid-day trading on Monday . The company traded as low as $3.91 and last traded at $4.02. Approximately 9,108,813 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 53,880,934 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

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

NIO Stock Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a fifty day moving average price of $3.92 and a two-hundred day moving average price of $4.30. The company has a market cap of $7.96 billion, a P/E ratio of -2.53 and a beta of 1.73.

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

Institutional Investors Weigh In On NIO

A number of hedge funds and other institutional investors have recently modified their holdings of NIO. Blue Trust Inc. increased its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after acquiring an additional 4,332 shares during the period. Sava Infond d.o.o. bought a new position in shares of NIO in the fourth quarter valued at approximately $44,000. Callan Family Office LLC bought a new position in shares of NIO in the fourth quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. acquired a new position in shares of NIO during the fourth quarter valued at approximately $45,000. 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.