NIO (NYSE:NIO) Stock Price Down 3.3% - What's Next?

Key Points

• NIO Inc.'s stock price dropped by 3.3% to $6.30 with a trading volume decline of 65% from its average session volume.
• Analysts have varied opinions on NIO, with Barclays reducing their target price to $3.00, while JPMorgan Chase upgraded it to $8.00.
• The company reported a quarterly earnings miss with an EPS of -$0.45, significantly below the consensus estimate, and indicated a negative net margin of 35.51%.

NIO Inc. (NYSE:NIO - Get Free Report) traded down 3.3% during mid-day trading on Friday . The company traded as low as $6.31 and last traded at $6.30. 19,176,252 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 54,859,609 shares. The stock had previously closed at $6.51.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a research note on Wednesday, June 4th. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $4.80 to $8.00 in a research note on Tuesday. Morgan Stanley restated a "buy" rating on shares of NIO in a research note on Monday, July 14th. Finally, Mizuho reduced their price objective on shares of NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NIO has an average rating of "Hold" and an average price target of $5.21.

NIO Trading Down 3.0%

The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of -3.90 and a beta of 1.42. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.69 and a current ratio of 0.84. The company's 50 day moving average is $4.49 and its 200 day moving average is $4.18.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm earned ($2.39) EPS. NIO has set its Q2 2025 guidance at EPS. On average, research analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Institutional investors and hedge funds have recently bought and sold shares of the business. Xponance Inc. bought a new stake in NIO in the 1st quarter valued at $39,000. Blueshift Asset Management LLC bought a new stake in shares of NIO in the 1st quarter worth about $43,000. Annex Advisory Services LLC bought a new stake in shares of NIO in the 1st quarter worth about $47,000. Hedeker Wealth LLC bought a new stake in shares of NIO in the 2nd quarter worth about $43,000. Finally, May Hill Capital LLC bought a new stake in shares of NIO in the 1st quarter worth about $48,000. 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.

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