NIO (NYSE:NIO) Shares Down 0.9% - What's Next?

Nio Inc - (NYSE:NIO - Get Free Report) shares traded down 0.9% on Thursday . The stock traded as low as $3.90 and last traded at $4.02. 20,574,448 shares were traded during mid-day trading, a decline of 63% from the average session volume of 55,981,516 shares. The stock had previously closed at $4.05.

Wall Street Analyst Weigh In

Several analysts have recently commented on NIO shares. Mizuho decreased their price target on shares of NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. HSBC cut NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Citigroup reissued a "buy" rating on shares of NIO in a research note on Monday, April 28th. Cfra Research upgraded NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NIO has a consensus rating of "Hold" and a consensus price target of $5.05.

NIO Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company's fifty day moving average price is $4.07 and its two-hundred day moving average price is $4.40. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -2.60 and a beta of 1.73.

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

Hedge Funds Weigh In On NIO

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of 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 during the last quarter. Jones Financial Companies Lllp raised its position in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after acquiring an additional 4,332 shares in the last quarter. Xponance Inc. acquired a new stake in NIO in the first quarter valued at $39,000. Callan Family Office LLC bought a new position in shares of NIO in the 4th quarter valued at about $44,000. Finally, Sava Infond d.o.o. acquired a new position in shares of NIO during the 4th quarter worth about $44,000. 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.