NIO (NYSE:NIO) Shares Down 3.8% - What's Next?

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price fell 3.8% during mid-day trading on Tuesday . The company traded as low as $3.63 and last traded at $3.68. 17,622,742 shares were traded during mid-day trading, a decline of 67% from the average session volume of 53,416,362 shares. The stock had previously closed at $3.82.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NIO. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. Mizuho cut their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Citigroup restated a "buy" rating on shares of NIO in a report 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 company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.05.

NIO Trading Down 3.5%

The firm has a market capitalization of $7.41 billion, a PE ratio of -2.35 and a beta of 1.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a fifty day moving average of $3.79 and a 200 day moving average of $4.24.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter last year, the business earned ($2.81) EPS. NIO's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts expect that Nio Inc - will post -1.43 EPS for the current year.

Institutional Investors Weigh In On NIO

A number of hedge funds have recently bought and sold shares of NIO. PFG Investments LLC grew its stake in NIO by 66.4% during the 4th quarter. PFG Investments LLC now owns 102,644 shares of the company's stock valued at $448,000 after purchasing an additional 40,967 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of NIO in the 4th quarter worth approximately $79,000. Blue Trust Inc. grew its position in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after acquiring an additional 3,607 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after acquiring an additional 2,867 shares in the last quarter. Finally, BSW Wealth Partners grew its position in shares of NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock worth $89,000 after acquiring an additional 3,606 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Company Profile

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.