NIO (NYSE:NIO) Shares Down 1.5%

Nio Inc - (NYSE:NIO - Get Free Report) shares traded down 1.5% during mid-day trading on Wednesday . The company traded as low as $4.36 and last traded at $4.47. 14,270,398 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 57,166,730 shares. The stock had previously closed at $4.54.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays reaffirmed an "underweight" rating and issued a $4.00 target price (down previously from $5.00) on shares of NIO in a report on Tuesday. Jefferies Financial Group reduced their price objective on NIO from $8.30 to $5.90 and set a "hold" rating for the company in a research report on Wednesday, March 6th. Mizuho reiterated a "neutral" rating and issued a $5.50 price objective on shares of NIO in a research report on Monday, March 25th. JPMorgan Chase & Co. reduced their price objective on NIO from $5.00 to $4.80 and set an "underweight" rating for the company in a research report on Wednesday, March 6th. Finally, Sanford C. Bernstein reduced their price objective on NIO from $7.50 to $5.50 and set a "market perform" rating for the company in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, NIO currently has a consensus rating of "Hold" and a consensus target price of $8.74.

NIO Price Performance

The stock has a fifty day moving average of $5.56 and a two-hundred day moving average of $7.08. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of -2.57 and a beta of 1.93. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing analysts' consensus estimates of ($2.39) by ($0.42). The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.51) earnings per share. As a group, equities research analysts forecast that Nio Inc - will post -1.23 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Several hedge funds and other institutional investors have recently made changes to their positions in NIO. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of NIO by 127.6% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 770,160 shares of the company's stock valued at $15,172,000 after buying an additional 431,851 shares during the period. US Bancorp DE grew its stake in shares of NIO by 19.9% during the first quarter. US Bancorp DE now owns 18,593 shares of the company's stock worth $392,000 after purchasing an additional 3,092 shares during the period. Cibc World Market Inc. grew its stake in shares of NIO by 23.6% during the first quarter. Cibc World Market Inc. now owns 38,708 shares of the company's stock worth $815,000 after purchasing an additional 7,396 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of NIO by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,705,563 shares of the company's stock worth $57,007,000 after purchasing an additional 48,720 shares during the period. Finally, Sei Investments Co. grew its stake in shares of NIO by 45.6% during the first quarter. Sei Investments Co. now owns 338,913 shares of the company's stock worth $7,134,000 after purchasing an additional 106,140 shares during the period. 48.55% of the stock is 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.