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NIO (NYSE:NIO) Trading Down 7.7% - What's Next?

NIO logo with Auto/Tires/Trucks background

Key Points

  • NIO's stock price fell 7.7% during trading, dipping to a low of $4.63, with trading volume down 38% from average levels.
  • Analysts have mixed ratings on NIO, with a consensus rating of "Hold" and a price target of $4.74, reflecting a range of buy, neutral, and sell recommendations.
  • NIO reported a quarterly loss of ($0.45) earnings per share, significantly missing estimates, despite a 21.5% year-over-year revenue increase.
  • MarketBeat previews top five stocks to own in September.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price fell 7.7% during trading on Monday . The stock traded as low as $4.68 and last traded at $4.63. 31,825,997 shares were traded during mid-day trading, a decline of 38% from the average session volume of 51,179,281 shares. The stock had previously closed at $5.01.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NIO. Citigroup restated a "buy" rating on shares of NIO in a research note on Monday, April 28th. Mizuho reduced their price target on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Barclays reduced their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Morgan Stanley reissued a "buy" rating on shares of NIO in a report on Monday, July 14th. Finally, The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and upped their price target for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.74.

View Our Latest Analysis on NIO

NIO Trading Down 8.4%

The business has a 50 day moving average of $3.88 and a two-hundred day moving average of $4.05. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. The firm has a market cap of $9.58 billion, a P/E ratio of -2.83 and a beta of 1.41.

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

Institutional Trading of NIO

Several large investors have recently bought and sold shares of NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after purchasing an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in NIO in the second quarter worth approximately $12,315,000. SG Americas Securities LLC increased its holdings in NIO by 83.3% in the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock worth $8,038,000 after purchasing an additional 958,750 shares in the last quarter. Trexquant Investment LP bought a new stake in NIO in the fourth quarter worth approximately $3,305,000. Finally, Vontobel Holding Ltd. increased its holdings in NIO by 125.2% in the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company's stock worth $3,754,000 after purchasing an additional 608,377 shares in the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

About NIO

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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