NIO (NYSE:NIO) Stock Price Down 6.2% - What's Next?

Key Points

• NIO Inc. shares dropped 6.2% during mid-day trading, closing at $6.92, amid a surge in trading volume.
• Wall Street analysts have shown a bullish shift towards NIO, with upgrades from several firms, raising the stock's target price significantly, with UBS projecting $8.50.
• The company reported quarterly earnings of ($0.32) EPS, missing estimates, despite a 9.0% revenue increase year-over-year.

NIO Inc. (NYSE:NIO - Get Free Report) shares were down 6.2% on Monday . The stock traded as low as $6.80 and last traded at $6.92. Approximately 127,980,789 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 58,835,250 shares. The stock had previously closed at $7.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded NIO from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Citigroup raised their price objective on shares of NIO from $8.10 to $8.60 and gave the stock a "buy" rating in a report on Tuesday. Bank of America raised their price objective on shares of NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Finally, UBS Group upgraded shares of NIO from a "neutral" rating to a "buy" rating and lifted their price target for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NIO has an average rating of "Hold" and an average target price of $6.35.

NIO Stock Performance

The stock's 50-day moving average is $5.50 and its 200-day moving average is $4.43. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of -4.37 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89.

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

Institutional Investors Weigh In On NIO

A number of institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its holdings in 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 acquiring an additional 2,433 shares during the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of NIO by 7.4% in the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock valued at $163,000 after purchasing an additional 2,943 shares during the last quarter. Redwood Wealth Management Group LLC boosted its stake in shares of NIO by 4.9% in the 2nd quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company's stock valued at $237,000 after purchasing an additional 3,215 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of NIO by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock valued at $303,000 after purchasing an additional 3,527 shares during the last quarter. Finally, Main Management ETF Advisors LLC boosted its stake in shares of NIO by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 222,057 shares of the company's stock valued at $762,000 after purchasing an additional 3,612 shares during the last quarter. 48.55% of the stock is owned by institutional investors.

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.