NIO (NYSE:NIO) Shares Down 1.8% - What's Next?

Key Points

• NIO shares fell 1.8% to about $3.57 in midday trading, with volume roughly 35% below the stock’s average daily volume.
• Analyst sentiment is mixed: Goldman Sachs maintained a “buy” rating with a $6.10 target, while other firms downgraded or lowered targets. MarketBeat reports a consensus “hold” rating and an average price target of $5.87.
• NIO reported $4.73 billion in quarterly revenue and break-even earnings per share, but continues to face weak profitability, including a negative 111.37% return on equity and a projected full-year loss of $0.13 per share.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) were down 1.8% during mid-day trading on Friday. The company traded as low as $3.56 and last traded at $3.5650. Approximately 24,139,507 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 37,410,246 shares. The stock had previously closed at $3.63.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NIO shares. The Goldman Sachs Group reiterated a "buy" rating and set a $6.10 price target on shares of NIO in a research report on Friday, September 4th. Freedom Broker cut shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd. Zacks Research downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 2nd. Sanford C. Bernstein lowered their target price on shares of NIO from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Wednesday, September 2nd. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of NIO in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $5.87.

NIO Price Performance

The company has a market cap of $8.85 billion, a PE ratio of -13.20 and a beta of 0.92. The stock has a fifty day moving average price of $4.29 and a 200-day moving average price of $5.18. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.02 and a quick ratio of 0.89.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported $0.00 earnings per share for the quarter. NIO had a negative return on equity of 111.37% and a negative net margin of 3.95%.The firm had revenue of $4.73 billion for the quarter. On average, equities analysts expect that NIO Inc. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC increased its stake in shares of NIO by 17.4% in the 1st quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company's stock valued at $83,000 after acquiring an additional 2,027 shares in the last quarter. WCG Wealth Advisors LLC grew its stake in shares of NIO by 6.2% in the 4th quarter. WCG Wealth Advisors LLC now owns 55,549 shares of the company's stock valued at $283,000 after buying an additional 3,249 shares during the period. Engineers Gate Manager LP increased its position in NIO by 2.4% in the 2nd quarter. Engineers Gate Manager LP now owns 152,990 shares of the company's stock valued at $774,000 after buying an additional 3,537 shares in the last quarter. Van ECK Associates Corp raised its stake in NIO by 0.8% during the 2nd quarter. Van ECK Associates Corp now owns 492,784 shares of the company's stock worth $2,493,000 after buying an additional 4,002 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in NIO by 120.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company's stock worth $48,000 after acquiring an additional 4,383 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Company Profile

NIO Inc is a Chinese smart electric vehicle company founded in 2014 and headquartered in Shanghai. The company designs, develops and sells battery-powered passenger vehicles, with a focus on combining electric mobility with digital connectivity, autonomous-driving capabilities and premium user services.

NIO's vehicle lineup has included electric SUVs, sedans and station wagons marketed under the NIO brand. Its services include battery charging and swapping, mobile charging, battery upgrades, vehicle financing and maintenance support.

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