NIO (NYSE:NIO) Trading Down 1.4% - Time to Sell?

Key Points

• NIO's stock has decreased by 1.4% to around $4.53, with trading volume significantly down by 56% compared to its average sessions.
• Analysts have mixed views on the stock: Goldman Sachs upgraded it to a "neutral" rating while Barclays and Mizuho lowered their price targets, reflecting increased uncertainty in NIO's valuation.
• NIO's recent earnings showed a loss of ($0.45) per share, missing estimates by ($0.23), despite a 21.5% year-over-year revenue growth, indicating ongoing financial challenges.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) traded down 1.4% during trading on Tuesday . The company traded as low as $4.49 and last traded at $4.53. 22,391,108 shares were traded during mid-day trading, a decline of 56% from the average session volume of 51,394,723 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

A number of research firms recently issued reports on NIO. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Barclays lowered their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, June 4th. Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday, April 28th. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a report on Monday, July 14th. Finally, Mizuho lowered their price target on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.74.

NIO Price Performance

The firm's 50-day moving average is $3.90 and its two-hundred day moving average is $4.05. The company has a market cap of $9.42 billion, a P/E ratio of -2.78 and a beta of 1.42. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. During the same quarter in the prior year, the firm posted ($2.39) EPS. The company's revenue for the quarter was up 21.5% on a year-over-year basis. Analysts anticipate that NIO Inc. will post -1.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Trilogy Capital Inc. boosted its stake in shares of NIO by 1,307.5% during the first quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock valued at $550,000 after purchasing an additional 134,100 shares during the period. Ping Capital Management Inc. purchased a new stake in NIO in the first quarter worth about $305,000. SIH Partners LLLP lifted its position in shares of NIO by 23.1% during the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after buying an additional 175,000 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of NIO during the first quarter valued at about $293,000. Finally, Bridgewater Associates LP lifted its position in shares of NIO by 28.6% during the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after buying an additional 263,338 shares during the last quarter. 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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