NIO (NYSE:NIO) Stock Price Down 1.8%

Nio Inc - (NYSE:NIO - Get Free Report) shares traded down 1.8% during mid-day trading on Tuesday . The stock traded as low as $5.46 and last traded at $5.59. 23,828,801 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 56,844,605 shares. The stock had previously closed at $5.69.

Analysts Set New Price Targets

NIO has been the topic of a number of research analyst reports. Barclays reiterated an "underweight" rating and set a $4.00 price objective (down from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Jefferies Financial Group lowered their price objective on NIO from $8.30 to $5.90 and set a "hold" rating for the company in a report on Wednesday, March 6th. Mizuho reaffirmed a "neutral" rating and set a $5.50 target price on shares of NIO in a report on Monday, March 25th. UBS Group lowered their price target on NIO from $8.00 to $7.20 and set a "neutral" rating for the company in a report on Thursday, March 14th. Finally, Bank of America reduced their price objective on NIO from $7.50 to $6.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $8.43.

NIO Price Performance

The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of -3.15 and a beta of 1.92. 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 simple moving average of $4.91 and a two-hundred day simple moving average of $6.38.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data 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). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. During the same period last year, the business earned ($0.51) EPS. The firm's revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Nio Inc - will post -1.26 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its holdings in NIO by 238.6% in the 4th quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company's stock valued at $64,070,000 after acquiring an additional 4,976,403 shares during the last quarter. Electron Capital Partners LLC acquired a new position in NIO in the third quarter worth approximately $37,918,000. Quadrature Capital Ltd bought a new position in shares of NIO in the fourth quarter valued at $12,361,000. Norges Bank acquired a new stake in shares of NIO during the 4th quarter valued at $9,652,000. Finally, Linden Advisors LP bought a new stake in shares of NIO during the 3rd quarter worth $8,972,000. 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.