NIO (NYSE:NIO) Trading Down 2.5% - Time to Sell?

Key Points

• NIO's stock price decreased by 2.5% during midday trading, reaching a low of $7.50 with an average trading volume increase of 13% from its daily average.
• Multiple Wall Street analysts have recently upgraded their ratings and price targets for NIO, with a consensus target price of $6.35 and a majority rating of Hold.
• NIO reported a loss of ($0.32) EPS for the last quarter, missing estimates, while its revenue increased 9% year-over-year, indicating potential for future growth despite the current financial challenges.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price dropped 2.5% during mid-day trading on Friday . The stock traded as low as $7.50 and last traded at $7.70. Approximately 67,649,292 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 59,888,809 shares. The stock had previously closed at $7.89.

Wall Street Analysts Forecast Growth

NIO has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $4.80 to $8.00 in a research report on Tuesday, August 26th. Bank of America raised their target price on NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Citigroup raised their target price on NIO from $8.10 to $8.60 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Finally, Morgan Stanley reissued a "buy" rating on shares of NIO in a research note on Monday, July 14th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, NIO presently has an average rating of "Hold" and a consensus target price of $6.35.

NIO Price Performance

The stock's 50 day simple moving average is $5.95 and its two-hundred day simple moving average is $4.57. The stock has a market cap of $16.06 billion, a P/E ratio of -4.81 and a beta of 1.30.

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

Institutional Trading of NIO

A number of institutional investors have recently made changes to their positions in NIO. Xponance Inc. bought a new stake in shares of NIO in the first quarter worth $39,000. Blueshift Asset Management LLC bought a new stake in NIO during the first quarter worth about $43,000. Hedeker Wealth LLC bought a new stake in NIO during the second quarter worth about $43,000. Annex Advisory Services LLC bought a new stake in NIO during the first quarter worth about $47,000. Finally, May Hill Capital LLC bought a new stake in NIO during the first 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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