NIO Inc. (NYSE:NIO - Get Free Report) shares fell 5.8% during mid-day trading on Monday . The stock traded as low as $4.34 and last traded at $4.3610. 52,139,792 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 37,380,555 shares. The stock had previously closed at $4.63.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. The Goldman Sachs Group raised NIO from a "neutral" rating to a "buy" rating and set a $7.00 price objective for the company in a research report on Monday, July 13th. Sanford C. Bernstein reissued a "market perform" rating and issued a $6.00 target price on shares of NIO in a research report on Friday, May 22nd. Bank of America restated a "neutral" rating and issued a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. Zacks Research raised NIO from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NIO in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6.70.
Check Out Our Latest Stock Analysis on NIO
NIO Price Performance
The company has a market cap of $10.83 billion, a P/E ratio of -7.93 and a beta of 0.91. The company has a fifty day moving average price of $4.81 and a two-hundred day moving average price of $5.36. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NIO. V Square Quantitative Management LLC increased its position in NIO by 17.4% in the first quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company's stock worth $83,000 after buying an additional 2,027 shares during the last quarter. Tidal Investments LLC lifted its position in shares of NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company's stock valued at $985,000 after buying an additional 2,433 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of NIO by 11.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company's stock valued at $127,000 after buying an additional 2,586 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of NIO by 26.4% during the 4th quarter. Wealthspire Advisors LLC now owns 12,980 shares of the company's stock worth $66,000 after acquiring an additional 2,707 shares during the period. Finally, Atlantic Union Bankshares Corp grew its stake in shares of NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company's stock worth $30,000 after acquiring an additional 2,950 shares during the period. Institutional investors and hedge funds own 48.55% of the company's stock.
About NIO
(
Get Free Report)
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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