NIO (NYSE:NIO) Sets New 12-Month Low at $4.16

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $4.16 and last traded at $4.17, with a volume of 16021955 shares traded. The stock had previously closed at $4.46.

Analyst Ratings Changes

NIO has been the topic of a number of research analyst reports. Mizuho reissued a "neutral" rating and set a $5.50 price objective on shares of NIO in a report on Monday, March 25th. UBS Group decreased their price objective on shares of NIO from $8.00 to $7.20 and set a "neutral" rating on the stock in a report on Thursday, March 14th. Jefferies Financial Group decreased their price objective on shares of NIO from $8.30 to $5.90 and set a "hold" rating on the stock in a report on Wednesday, March 6th. The Goldman Sachs Group started coverage on shares of NIO in a research note on Wednesday, January 3rd. They issued a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of NIO from $5.00 to $4.80 and set an "underweight" rating on the stock in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, NIO currently has a consensus rating of "Hold" and a consensus target price of $8.74.

NIO Stock Down 7.8 %

The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of -2.36 and a beta of 1.93. The business's 50-day moving average is $5.39 and its two-hundred day moving average is $6.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22.

NIO (NYSE:NIO - Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.51) earnings per share. On average, equities analysts anticipate that Nio Inc - will post -1.26 earnings per share for the current year.

Institutional Investors Weigh In On NIO

A number of hedge funds and other institutional investors have recently modified their holdings of NIO. Bfsg LLC acquired a new position in NIO during the fourth quarter worth about $33,000. Point72 Asset Management L.P. bought a new position in shares of NIO in the 4th quarter worth $33,000. Rakuten Securities Inc. bought a new position in NIO during the 4th quarter valued at $38,000. Principal Securities Inc. purchased a new stake in shares of NIO during the 4th quarter valued at $42,000. Finally, Peoples Bank KS purchased a new stake in shares of NIO during the 3rd quarter valued at $46,000. Institutional investors and hedge funds 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.