NIO (NYSE:NIO) Stock Price Down 1.6% - Should You Sell?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) were down 1.6% during trading on Monday . The company traded as low as $3.94 and last traded at $3.97. Approximately 7,420,881 shares changed hands during trading, a decline of 87% from the average daily volume of 55,217,552 shares. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Cfra Research upgraded NIO to a "hold" rating in a research note on Friday, March 21st. HSBC lowered NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NIO currently has a consensus 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's fifty day moving average is $4.10 and its 200 day moving average is $4.41. The company has a market cap of $8.30 billion, a PE ratio of -2.63 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) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the company earned ($2.81) EPS. NIO's revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Nio Inc - will post -1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC grew its position in NIO by 4.6% in the first quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock worth $303,000 after acquiring an additional 3,527 shares during the period. Ping Capital Management Inc. purchased a new position in shares of NIO during the 1st quarter worth $305,000. Apollon Wealth Management LLC increased its position in shares of NIO by 91.9% during the 1st quarter. Apollon Wealth Management LLC now owns 21,446 shares of the company's stock worth $82,000 after purchasing an additional 10,270 shares during the last quarter. Xponance Inc. purchased a new stake in NIO in the 1st quarter valued at about $39,000. Finally, Cerity Partners LLC boosted its stake in NIO by 38.0% during the first quarter. Cerity Partners LLC now owns 18,999 shares of the company's stock worth $72,000 after buying an additional 5,234 shares during the period. Hedge funds and other institutional investors own 48.55% of the company's stock.

About NIO

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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