NIO (NYSE:NIO) Shares Down 9.9% - Here's What Happened

Key Points

• NIO's shares fell 9.9% to $6.72, with trading volume significantly increasing by 103% compared to the average.
• Several analysts have upgraded their ratings on NIO, with JPMorgan raising the price target to $8.00, while the average consensus price target stands at $6.35.
• NIO reported a quarterly EPS of ($0.32), missing estimates, while year-over-year revenue rose by 9.0%, totaling $2.65 billion.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) fell 9.9% on Friday . The company traded as low as $6.66 and last traded at $6.72. 122,657,952 shares were traded during trading, an increase of 103% from the average session volume of 60,406,773 shares. The stock had previously closed at $7.46.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and raised their price target for the company from $4.80 to $8.00 in a report on Tuesday, August 26th. Mizuho raised their price objective on shares of NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Citigroup raised their price objective on shares of NIO from $8.10 to $8.60 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and raised their price target for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.35.

NIO Price Performance

The stock has a market capitalization of $14.03 billion, a P/E ratio of -4.20 and a beta of 1.30. The business's 50 day moving average price is $6.24 and its 200 day moving average price is $4.67.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS 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 company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same period last year, the firm posted ($2.21) EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. As a group, analysts forecast that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Hedge funds have recently modified their holdings of the business. Xponance Inc. bought a new stake in shares of NIO during the 1st quarter valued at $39,000. Blueshift Asset Management LLC bought a new position in shares of NIO during the 1st quarter valued at approximately $43,000. Hedeker Wealth LLC bought a new position in shares of NIO during the 2nd quarter valued at approximately $43,000. May Hill Capital LLC bought a new position in shares of NIO during the 1st quarter valued at approximately $48,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of NIO during the 1st quarter valued at approximately $50,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.