NIO (NYSE:NIO) Stock Price Down 1.9% - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report) was down 1.9% during trading on Wednesday . The company traded as low as $3.77 and last traded at $3.80. Approximately 12,137,712 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 55,718,655 shares. The stock had previously closed at $3.87.

Analyst Upgrades and Downgrades

NIO has been the topic of several recent analyst reports. Mizuho decreased their target price on shares of NIO from $5.00 to $4.20 and set a "neutral" rating on the stock in a report on Monday, March 24th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup decreased their target price on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NIO has an average rating of "Hold" and an average price target of $5.17.

NIO Price Performance

The stock has a market cap of $7.21 billion, a PE ratio of -2.29 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The business has a 50 day moving average price of $4.38 and a two-hundred day moving average price of $4.78.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate 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 was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned ($2.81) earnings per share. Research analysts expect that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of NIO

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