NIO (NYSE:NIO) Stock Price Down 3.8% - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report)'s share price fell 3.8% during trading on Tuesday . The company traded as low as $4.12 and last traded at $4.17. 23,854,142 shares changed hands during trading, a decline of 41% from the average session volume of 40,664,445 shares. The stock had previously closed at $4.33.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NIO. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. The Goldman Sachs Group cut NIO from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. HSBC cut NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Macquarie cut NIO from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NIO has an average rating of "Hold" and an average target price of $5.38.

NIO Stock Up 4.1 %

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 company has a market capitalization of $9.26 billion, a price-to-earnings ratio of -2.94 and a beta of 1.68. The firm has a 50-day moving average price of $4.39 and a two-hundred day moving average price of $4.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NIO. Blue Trust Inc. boosted its position in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after buying an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO during the third quarter worth about $32,000. Jones Financial Companies Lllp raised its holdings in NIO by 131.8% during the fourth 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 in the last quarter. Callan Family Office LLC bought a new stake in NIO during the fourth quarter worth about $44,000. Finally, Sava Infond d.o.o. bought a new stake in NIO during the fourth quarter worth about $44,000. 48.55% of the stock is 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.