NIO (NYSE:NIO) Shares Down 4.1% - What's Next?

Key Points

• NIO Inc. shares fell 4.1% to $6.43, with a trading volume significantly lower than the average, indicating potential volatility in the market.
• Analysts have mixed ratings on NIO, with target price adjustments ranging from a high of $8.00 to a low of $3.00, suggesting uncertainty about the stock's future performance.
• The company reported a significant earnings miss with a EPS of ($0.45), far below the consensus estimate, highlighting ongoing financial challenges.

NIO Inc. (NYSE:NIO - Get Free Report) was down 4.1% on Wednesday . The company traded as low as $6.45 and last traded at $6.43. Approximately 36,477,191 shares traded hands during trading, a decline of 33% from the average daily volume of 54,643,508 shares. The stock had previously closed at $6.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NIO shares. Morgan Stanley restated a "buy" rating on shares of NIO in a research note on Monday, July 14th. Barclays reduced their target price on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Mizuho reduced their target price on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and upped their target price for the company from $4.80 to $8.00 in a research report on Tuesday. Finally, The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and upped their target price for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NIO has a consensus rating of "Hold" and a consensus price target of $5.21.

NIO Stock Down 5.3%

The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The stock has a market cap of $13.24 billion, a PE ratio of -3.93 and a beta of 1.42. The business has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.15.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. During the same quarter in the previous year, the company earned ($2.39) EPS. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. NIO has set its Q2 2025 guidance at EPS. Equities research analysts expect that NIO Inc. will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of NIO by 3,966.7% in the first 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 stake in shares of NIO in the second quarter valued at approximately $12,315,000. Invesco Ltd. increased its holdings in shares of NIO by 22.7% in the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company's stock valued at $9,392,000 after purchasing an additional 506,618 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of NIO by 83.3% in the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of NIO by 125.2% in the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company's stock valued at $3,754,000 after purchasing an additional 608,377 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

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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