NIO (NYSE:NIO) Stock Price Down 2.6% - Here's Why

Key Points

• NIO shares fell about 2.6% in mid-day trading to $5.915, with roughly 29.7 million shares changing hands — about 31% below the average session volume.
• Analyst sentiment is mixed: several recent upgrades (Nomura, DBS, Macquarie) but a sell from Weiss, leaving a consensus average rating of "Hold" and an average price target of $6.80.
• Key fundamentals show a $13.6B market cap, negative profitability (net margin -17.21%, ROE -924.56%), elevated leverage (debt/equity 2.08), and analysts forecast about -0.28 EPS for the fiscal year despite a recent quarter EPS of $0.04.

NIO Inc. (NYSE:NIO - Get Free Report) traded down 2.6% during mid-day trading on Tuesday . The stock traded as low as $5.90 and last traded at $5.9150. 29,712,089 shares changed hands during trading, a decline of 31% from the average session volume of 42,957,453 shares. The stock had previously closed at $6.07.

Wall Street Analyst Weigh In

NIO has been the topic of several analyst reports. Nomura upgraded shares of NIO from a "neutral" rating to a "buy" rating and set a $6.60 price target on the stock in a report on Wednesday, March 11th. Bank of America reiterated a "neutral" rating on shares of NIO in a report on Tuesday, March 10th. Dbs Bank upgraded shares of NIO from a "hold" rating to a "moderate buy" rating in a report on Monday, March 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of NIO in a report on Friday. Finally, Macquarie Infrastructure upgraded shares of NIO from a "neutral" rating to an "outperform" rating and set a $6.10 price target on the stock in a report on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, NIO has an average rating of "Hold" and an average price target of $6.80.

NIO Price Performance

The company has a market capitalization of $13.59 billion, a P/E ratio of -6.10 and a beta of 0.97. The firm's fifty day moving average is $5.83 and its 200 day moving average is $5.60. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The company had revenue of $4.95 billion for the quarter. NIO had a negative net margin of 17.21% and a negative return on equity of 924.56%. As a group, analysts predict that NIO Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of hedge funds have recently added to or reduced their stakes in NIO. 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 in the last quarter. Farther Finance Advisors LLC grew its stake in NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock worth $37,000 after acquiring an additional 2,877 shares in the last quarter. Arax Advisory Partners grew its stake in NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company's stock worth $40,000 after acquiring an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in NIO in the 4th quarter worth about $41,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in NIO in the 1st quarter worth about $41,000. 48.55% of the stock is currently owned by institutional investors.

NIO Company Profile

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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