NIO (NYSE:NIO) Stock Price Down 2.2% - Here's Why

Nio Inc - (NYSE:NIO - Get Free Report) shares traded down 2.2% during mid-day trading on Tuesday . The company traded as low as $4.22 and last traded at $4.22. 19,468,593 shares traded hands during trading, a decline of 65% from the average session volume of 56,117,496 shares. The stock had previously closed at $4.31.

Wall Street Analysts Forecast Growth

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

NIO Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -2.80 and a beta of 1.74. The company has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $4.45.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during 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 company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.81) earnings per share. On average, equities research analysts predict that Nio Inc - will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

A number of large investors have recently added to or reduced their stakes in NIO. Blue Trust Inc. boosted its holdings in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its stake in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after purchasing an additional 4,332 shares during the period. Sava Infond d.o.o. acquired a new stake in NIO during the 4th quarter valued at $44,000. Callan Family Office LLC acquired a new stake in NIO during the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of NIO in the fourth quarter valued at $45,000. 48.55% of the stock is currently owned by institutional investors.

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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