NIO (NYSE:NIO) Stock Price Down 2.9% - Here's What Happened

Key Points

• Down 2.9%: NIO shares fell 2.9% to $4.575 on Tuesday (intraday low $4.47) with volume of 45.7M shares, about 7% above the average session volume.
• Analyst picture is mixed — MarketBeat shows a consensus rating of Hold with a $6.83 target, while recent notes include Citigroup cutting its target to $6.90, UBS downgrading to hold and Weiss maintaining a sell.
• Key fundamentals: market cap $9.55B, negative P/E (-3.16), debt-to-equity 2.36, the stock trades below its 50- and 200-day moving averages ($5.16 and $5.72), and institutional investors own about 48.6%.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price fell 2.9% during trading on Tuesday . The company traded as low as $4.47 and last traded at $4.5750. 45,668,197 shares traded hands during trading, an increase of 7% from the average session volume of 42,755,172 shares. The stock had previously closed at $4.71.

Analysts Set New Price Targets

NIO has been the subject of several recent research reports. Citigroup cut their price target on NIO from $8.60 to $6.90 and set a "buy" rating for the company in a research note on Wednesday, November 26th. Mizuho boosted their price target on NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group reiterated a "neutral" rating and set a $7.00 price objective on shares of NIO in a research note on Thursday, October 30th. UBS Group downgraded shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, November 25th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NIO in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.83.

NIO Stock Down 2.9%

The stock has a market capitalization of $9.55 billion, a P/E ratio of -3.16 and a beta of 1.05. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.94 and a quick ratio of 0.83. The firm has a 50-day simple moving average of $5.16 and a 200 day simple moving average of $5.72.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in shares of NIO by 148.3% in the 3rd 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 last quarter. Hedeker Wealth LLC bought a new stake in NIO in the second quarter valued at approximately $43,000. Allworth Financial LP increased its position in NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company's stock valued at $50,000 after purchasing an additional 4,269 shares during the period. Sandbox Financial Partners LLC bought a new position in NIO during the 4th quarter worth approximately $51,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of NIO in the 2nd quarter worth approximately $56,000. 48.55% of the stock is 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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