NIO Inc. (NYSE:NIO - Get Free Report)'s share price was down 3.5% on Tuesday . The stock traded as low as $6.80 and last traded at $6.82. Approximately 35,282,495 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 60,559,590 shares. The stock had previously closed at $7.06.
Analysts Set New Price Targets
A number of equities analysts recently commented on NIO shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NIO in a research note on Wednesday, October 8th. Bank of America increased their target price on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. UBS Group upgraded NIO from a "neutral" rating to a "buy" rating and lifted their price target for the company from $6.20 to $8.50 in a report on Tuesday, September 16th. Morgan Stanley reissued a "buy" rating on shares of NIO in a research note on Monday, July 14th. Finally, Wall Street Zen raised NIO from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.35.
Get Our Latest Report on NIO
NIO Price Performance
The stock has a market cap of $14.22 billion, a PE ratio of -4.26 and a beta of 1.30. The business has a 50 day simple moving average of $6.54 and a 200 day simple moving average of $4.82.
NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data 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 net margin of 34.71% and a negative return on equity of 589.46%. NIO's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that NIO Inc. will post -1.43 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in NIO. Farther Finance Advisors LLC boosted its position in NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company's stock worth $37,000 after purchasing an additional 2,877 shares during the period. Xponance Inc. acquired a new stake in shares of NIO in the first quarter worth $39,000. Blueshift Asset Management LLC bought a new stake in shares of NIO during the 1st quarter worth $43,000. Hedeker Wealth LLC acquired a new position in NIO in the 2nd quarter valued at $43,000. Finally, May Hill Capital LLC bought a new position in NIO in the 1st quarter worth $48,000. Institutional investors and hedge funds own 48.55% of the company's stock.
NIO Company Profile
(
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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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