NIO (NYSE:NIO) Shares Down 1.3% - Time to Sell?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) fell 1.3% during mid-day trading on Monday . The stock traded as low as $3.48 and last traded at $3.50. 15,258,639 shares were traded during trading, a decline of 71% from the average session volume of 53,076,325 shares. The stock had previously closed at $3.54.

Analyst Ratings Changes

Several analysts have weighed in on the company. Cfra Research raised NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut shares of 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. Mizuho reduced their target price on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday, April 28th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $5.05.

NIO Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market cap of $7.40 billion, a PE ratio of -2.35 and a beta of 1.73. The stock's 50 day moving average price is $3.77 and its 200 day moving average price is $4.23.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The company 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 revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.81) earnings per share. As a group, equities analysts forecast that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NIO by 3,966.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after acquiring an additional 5,185,565 shares during the last quarter. SG Americas Securities LLC grew its stake in NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares in the last quarter. Bridgewater Associates LP increased its holdings in NIO by 28.6% during the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock worth $5,170,000 after purchasing an additional 263,338 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of NIO by 96.6% in the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after purchasing an additional 510,610 shares in the last quarter. Finally, SIH Partners LLLP boosted its stake in shares of NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after buying an additional 175,000 shares during the last quarter. 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.