NIO (NYSE:NIO) Stock Price Down 5.5% - What's Next?

Key Points

• NIO Inc. shares have declined by 5.5%, trading as low as $6.77, with a total of 56 million shares changing hands, indicating a 7% drop in average session volume.
• Analysts have raised their price targets for NIO, with Mizuho and Citigroup setting targets at $7.00 and $8.60 respectively, while four analysts have rated the stock as a Buy.
• The company reported a loss of $0.32 per share in its latest earnings, falling short of expectations; however, revenue witnessed a 9% increase year-over-year.

NIO Inc. (NYSE:NIO - Get Free Report) shares traded down 5.5% during trading on Tuesday . The company traded as low as $6.77 and last traded at $6.79. 56,015,422 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 60,428,633 shares. The stock had previously closed at $7.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NIO shares. Mizuho increased their price target on NIO from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. UBS Group raised NIO from a "neutral" rating to a "buy" rating and increased their target price for the stock from $6.20 to $8.50 in a research note on Tuesday, September 16th. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. Citigroup increased their price objective on shares of NIO from $8.10 to $8.60 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Finally, Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.35.

NIO Stock Down 5.5%

The firm has a market capitalization of $14.16 billion, a P/E ratio of -4.24 and a beta of 1.30. The stock has a fifty day moving average of $6.32 and a 200-day moving average of $4.71.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.NIO's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. Sell-side analysts predict that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of NIO during the 2nd quarter worth approximately $12,315,000. Vontobel Holding Ltd. boosted its holdings in shares of NIO by 125.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company's stock valued at $3,754,000 after purchasing an additional 608,377 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of NIO by 96.6% in the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after purchasing an additional 510,610 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of NIO by 22.7% in the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company's stock valued at $9,392,000 after purchasing an additional 506,618 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.

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