NIO (NYSE:NIO) Trading Down 9.5% - Here's What Happened

Key Points

• NIO Inc. shares fell by 9.5% during trading, closing at $5.69 after reaching a low of $5.60, with trading volume significantly increased to approximately 153 million shares.
• Analysts have mixed ratings on NIO, with Barclays lowering their price target to $3.00 while JPMorgan upgraded it to $8.00, reflecting differing perspectives on the company's performance.
• NIO reported a loss of ($0.32) EPS for the latest quarter, missing the consensus estimate, with a revenue of $2.65 billion compared to expectations of $20.07 billion.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price was down 9.5% during trading on Wednesday . The company traded as low as $5.60 and last traded at $5.69. Approximately 153,919,486 shares were traded during trading, an increase of 173% from the average daily volume of 56,478,586 shares. The stock had previously closed at $6.28.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NIO shares. Barclays reduced their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Mizuho boosted their price objective on NIO from $3.50 to $6.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $4.80 to $8.00 in a research report on Tuesday, August 26th. Morgan Stanley restated a "buy" rating on shares of NIO in a research report on Monday, July 14th. Finally, Bank of America upped their price target on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.83.

NIO Trading Down 9.3%

The stock has a market capitalization of $11.89 billion, a PE ratio of -3.56 and a beta of 1.20. The firm has a 50 day moving average price of $4.94 and a 200 day moving average price of $4.28. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 1.89.

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

Institutional Trading of NIO

Institutional investors and hedge funds have recently modified their holdings of the business. Xponance Inc. purchased a new stake in shares of NIO during the first quarter valued at approximately $39,000. Blueshift Asset Management LLC purchased a new stake in NIO in the first quarter worth $43,000. Hedeker Wealth LLC purchased a new stake in NIO in the second quarter worth $43,000. Annex Advisory Services LLC purchased a new stake in NIO in the first quarter worth $47,000. Finally, May Hill Capital LLC purchased a new stake in NIO in the first quarter worth $48,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.

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