NIO (NYSE:NIO) Stock Price Down 2.4% - What's Next?

Key Points

• NIO shares fell 2.4% to $6.425 during mid-day trading, with 39.3 million shares changing hands—about 13% below the stock's average session volume.
• Analyst sentiment is mixed: several recent upgrades, but the MarketBeat consensus is a "Hold" with an average price target of $6.80 (7 Buys, 4 Holds, 2 Sells).
• Fundamentals show weak profitability: trailing PE -6.62, ROE -924.56% and net margin -17.21%; last quarter EPS was $0.04 on $4.95 billion in revenue, and analysts forecast -1.43 EPS for the current fiscal year.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price traded down 2.4% on Wednesday . The stock traded as low as $6.40 and last traded at $6.4250. 39,275,230 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 45,221,430 shares. The stock had previously closed at $6.58.

Wall Street Analyst Weigh In

NIO has been the subject of a number of research analyst reports. HSBC upgraded NIO from a "hold" rating to a "buy" rating and raised their price target for the company from $4.80 to $6.80 in a research report on Friday, March 13th. Macquarie Infrastructure raised shares of NIO from a "neutral" rating to an "outperform" rating and set a $6.10 price objective on the stock in a research note on Thursday, January 15th. Dbs Bank upgraded shares of NIO from a "hold" rating to a "moderate buy" rating in a report on Monday, March 16th. Nomura upgraded shares of NIO from a "neutral" rating to a "buy" rating and set a $6.60 target price for the company in a research report on Wednesday, March 11th. Finally, Bank of America reaffirmed a "neutral" rating on shares of NIO in a report on Tuesday, March 10th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.80.

NIO Stock Down 2.4%

The company has a market cap of $14.76 billion, a PE ratio of -6.62 and a beta of 0.99. The firm has a 50-day simple moving average of $5.46 and a two-hundred day simple moving average of $5.68. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.87.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $4.95 billion for the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%. Research analysts anticipate that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock valued at $37,000 after buying an additional 2,877 shares during the period. Atlantic Union Bankshares Corp grew its stake in NIO by 98.3% in the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company's stock worth $30,000 after acquiring an additional 2,950 shares during the period. Allworth Financial LP grew its stake in NIO by 183.5% in the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company's stock worth $50,000 after acquiring an additional 4,269 shares during the period. Arax Advisory Partners raised its holdings in NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company's stock valued at $40,000 after acquiring an additional 3,487 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in NIO in the 4th quarter valued at $41,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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