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

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.82, but opened at $3.72. NIO shares last traded at $3.70, with a volume of 10,751,004 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Citigroup reiterated a "buy" rating on shares of NIO in a report on Monday, April 28th. Cfra Research upgraded shares of NIO to a "hold" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Performance

The company has a market capitalization of $7.67 billion, a P/E ratio of -2.43 and a beta of 1.73. The business's fifty day simple moving average is $3.86 and its 200-day simple moving average is $4.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted ($2.81) EPS. As a group, equities analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of NIO

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after buying an additional 4,332 shares during the period. Sava Infond d.o.o. acquired a new stake in shares of NIO during the 4th quarter valued at approximately $44,000. Callan Family Office LLC acquired a new position in shares of NIO during the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. purchased a new position in shares of NIO during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds 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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