NIO (NYSE:NIO) Trading Down 1.1% - What's Next?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) were down 1.1% during mid-day trading on Wednesday . The company traded as low as $3.83 and last traded at $3.88. Approximately 9,533,238 shares were traded during trading, a decline of 83% from the average daily volume of 54,935,802 shares. The stock had previously closed at $3.92.

Analysts Set New Price Targets

A number of research analysts have issued reports on NIO shares. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.05.

NIO Trading Down 2.2 %

The business has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $4.40. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market cap of $8.00 billion, a PE ratio of -2.54 and a beta of 1.73.

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

Institutional Investors Weigh In On NIO

Several large investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC increased its stake in shares of NIO by 352.6% during the fourth quarter. FNY Investment Advisers LLC now owns 145,430 shares of the company's stock worth $634,000 after buying an additional 113,296 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of NIO during the 4th quarter worth $270,000. Ballentine Partners LLC increased its holdings in NIO by 31.2% in the fourth quarter. Ballentine Partners LLC now owns 31,508 shares of the company's stock valued at $137,000 after buying an additional 7,488 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in NIO by 39.1% during the 4th quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company's stock worth $117,000 after buying an additional 7,554 shares during the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of NIO by 4.2% in the 4th quarter. MCF Advisors LLC now owns 111,350 shares of the company's stock valued at $485,000 after acquiring an additional 4,479 shares during the last quarter. Hedge funds and other institutional investors 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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