NIO (NYSE:NIO) Trading Down 3.9% - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report) shares fell 3.9% on Friday . The company traded as low as $3.97 and last traded at $4.02. Approximately 13,535,096 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 56,024,841 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup reaffirmed a "buy" rating on shares of NIO in a research report on Monday. Mizuho decreased their price target on shares of NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Cfra Research upgraded shares of NIO to a "hold" rating in a research report on Friday, March 21st. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.05.

NIO Price Performance

The company has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $4.45. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of -2.80 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new position in shares of NIO during the 1st quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of NIO by 121.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 26,673 shares of the company's stock worth $101,000 after acquiring an additional 14,614 shares during the last quarter. KPP Advisory Services LLC acquired a new stake in shares of NIO in the 1st quarter valued at approximately $79,000. Sava Infond d.o.o. grew its holdings in shares of NIO by 100.0% during the 1st quarter. Sava Infond d.o.o. now owns 20,000 shares of the company's stock valued at $76,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Cobblestone Asset Management LLC acquired a new position in NIO during the 1st quarter worth approximately $319,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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.