NIO (NYSE:NIO) Shares Down 2.3% - Here's What Happened

Key Points

• NIO shares fell 2.3% on Tuesday to about $4.89, with volume of ~24.5M shares—down ~58% from its average—after a prior close of $5.00.
• Analysts are mixed: the consensus rating is Hold with a $6.73 target, though JPMorgan upgraded to Overweight and raised its price target to $8.00 while others remain Neutral/Underweight.
• Key fundamentals show a negative P/E (-3.37), market cap of ~$10.2B, a debt-to-equity of 2.36 and a current ratio of 0.94, signaling leverage and tight short-term liquidity.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as $4.86 and last traded at $4.8850. 24,521,547 shares were traded during trading, a decline of 58% from the average daily volume of 58,048,559 shares. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and upped their price target for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. Barclays increased their price target on shares of NIO from $3.00 to $4.00 and gave the stock an "underweight" rating in a report on Friday, November 28th. Bank of America boosted their target price on NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Macquarie set a $5.30 price target on shares of NIO in a report on Tuesday, November 25th. Finally, Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, NIO has an average rating of "Hold" and a consensus target price of $6.73.

NIO Price Performance

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 company has a market capitalization of $10.20 billion, a PE ratio of -3.37 and a beta of 1.04. The stock's 50-day moving average is $6.04 and its two-hundred day moving average is $5.52.

Hedge Funds Weigh In On NIO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC boosted its stake in NIO by 12.8% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company's stock worth $101,000 after purchasing an additional 1,500 shares in the last quarter. MGO One Seven LLC grew its position in NIO by 10.6% during the third quarter. MGO One Seven LLC now owns 16,208 shares of the company's stock valued at $124,000 after buying an additional 1,560 shares during the period. Insigneo Advisory Services LLC increased its stake in shares of NIO by 4.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company's stock valued at $328,000 after purchasing an additional 1,806 shares in the last quarter. Tidal Investments LLC raised its stake in shares of NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company's stock worth $985,000 after buying an additional 2,433 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of NIO by 148.3% in the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock valued at $37,000 after purchasing an additional 2,877 shares during the period. Hedge funds and other 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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