NIO (NYSE:NIO) Trading Down 2.4% - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report)'s share price traded down 2.4% during mid-day trading on Friday . The stock traded as low as $3.74 and last traded at $3.79. 9,678,672 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 53,490,111 shares. The stock had previously closed at $3.88.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Mizuho dropped their price target on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Citigroup restated a "buy" rating on shares of NIO in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.05.

NIO Stock Down 3.4%

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 stock has a market capitalization of $7.70 billion, a P/E ratio of -2.44 and a beta of 1.73. The business has a 50-day moving average price of $3.84 and a 200 day moving average price of $4.26.

NIO (NYSE:NIO - Get Free Report) last posted 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). The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.81) earnings per share. On average, equities analysts expect that Nio Inc - will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp increased its stake in NIO by 131.8% in the fourth 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. Xponance Inc. purchased a new stake in NIO in the first quarter worth $39,000. Blueshift Asset Management LLC purchased a new stake in NIO in the first quarter worth $43,000. Finally, Callan Family Office LLC purchased a new stake in NIO in the fourth quarter worth $44,000. 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.