NIO (NYSE:NIO) Shares Down 2.6% - Time to Sell?

Key Points

• Shares fell 2.6% to $6.4550 on Wednesday with about 45.6 million shares traded, roughly 23% below the average daily volume; the stock has a market cap of ~$13.5 billion and a consensus analyst price target of $6.75 (rating: Hold).
• Analysts have been upgrading price targets and ratings—Citigroup raised to a Buy with an $8.60 target and JPMorgan moved to Overweight with an $8.00 target—yet the broker mix remains mixed (4 Buy, 7 Hold, 2 Sell).
• NIO missed Q2 EPS at ($0.32) vs. ($0.30) expected and reported $2.65 billion in revenue, while showing a deeply negative return on equity (‑589.46%) and net margin (‑34.71%).

NIO Inc. (NYSE:NIO - Get Free Report)'s share price dropped 2.6% during trading on Wednesday . The company traded as low as $6.34 and last traded at $6.4550. Approximately 45,563,799 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 59,556,348 shares. The stock had previously closed at $6.63.

Analyst Ratings Changes

Several brokerages have issued reports on NIO. Bank of America boosted their target price on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Mizuho boosted their price target on shares of NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Citigroup lifted their target price on shares of NIO from $8.10 to $8.60 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $4.80 to $8.00 in a research report on Tuesday, August 26th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.75.

NIO Price Performance

The business has a 50 day moving average of $6.98 and a 200 day moving average of $5.22. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of -4.03 and a beta of 1.46.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.NIO's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that NIO Inc. will post -1.43 EPS for the current year.

Institutional Trading of NIO

Several hedge funds have recently bought and sold shares of NIO. WT Asset Management Ltd acquired a new position in shares of NIO in the third quarter valued at approximately $142,120,000. RWC Asset Advisors US LLC acquired a new stake in shares of NIO during the third quarter worth $79,761,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in NIO in the 2nd quarter worth $12,315,000. Finally, RWC Asset Management LLP increased its holdings in NIO by 8,488.0% during the 3rd quarter. RWC Asset Management LLP now owns 2,733,551 shares of the company's stock worth $20,830,000 after purchasing an additional 2,701,721 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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