NIO (NYSE:NIO) Trading Down 7.4%

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price was down 7.4% during trading on Friday . The company traded as low as $4.11 and last traded at $4.13. Approximately 33,483,281 shares were traded during trading, a decline of 41% from the average daily volume of 56,356,891 shares. The stock had previously closed at $4.46.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NIO shares. Sanford C. Bernstein decreased their price target on NIO from $7.50 to $5.50 and set a "market perform" rating on the stock in a report on Thursday, March 7th. Mizuho reissued a "neutral" rating and set a $5.50 price target on shares of NIO in a report on Monday, March 25th. Barclays reaffirmed an "underweight" rating and issued a $4.00 target price (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. The Goldman Sachs Group initiated coverage on NIO in a report on Wednesday, January 3rd. They issued a "neutral" rating on the stock. Finally, Jefferies Financial Group reduced their target price on NIO from $8.30 to $5.90 and set a "hold" rating on the stock in a report 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. According to MarketBeat, NIO has an average rating of "Hold" and an average target price of $8.74.

NIO Trading Down 7.8 %

The company has a market cap of $7.07 billion, a PE ratio of -2.36 and a beta of 1.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The company has a 50-day moving average of $5.39 and a 200 day moving average of $6.91.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Ballentine Partners LLC purchased a new position in shares of NIO during the first quarter valued at approximately $107,000. International Assets Investment Management LLC boosted its position in shares of NIO by 46.1% during the first quarter. International Assets Investment Management LLC now owns 26,820 shares of the company's stock valued at $124,000 after buying an additional 8,462 shares during the period. First Affirmative Financial Network boosted its position in shares of NIO by 26.4% during the first quarter. First Affirmative Financial Network now owns 13,256 shares of the company's stock valued at $60,000 after buying an additional 2,768 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of NIO during the first quarter valued at approximately $448,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of NIO during the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

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.