NIO (NYSE:NIO) Stock Price Down 2.5% - Here's What Happened

Key Points

• NIO shares fell 2.5% to $4.26 during Monday trading, with volume reaching about 44.3 million shares—19% above the average daily volume.
• Analyst sentiment remains mixed: Goldman Sachs upgraded NIO to “buy” with a $7 target, while other firms maintained neutral or bearish views. MarketBeat reports an overall “hold” rating and an average price target of $6.57.
• Institutional ownership stands at 48.55%, with several investors increasing their positions during the second quarter, including XY Capital, HighTower Advisors and TD Waterhouse Canada.

NIO Inc. (NYSE:NIO - Get Free Report) shares were down 2.5% during trading on Monday . The stock traded as low as $4.23 and last traded at $4.26. Approximately 44,262,926 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 37,119,605 shares. The stock had previously closed at $4.37.

Analysts Set New Price Targets

A number of research analysts have issued reports on NIO shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $6.00 price target on shares of NIO in a research report on Friday, May 22nd. The Goldman Sachs Group raised NIO from a "neutral" rating to a "buy" rating and set a $7.00 price target on the stock in a report on Monday, July 13th. Weiss Ratings restated a "sell (e+)" rating on shares of NIO in a research note on Wednesday, July 29th. Zacks Research raised shares of NIO from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, Bank of America reiterated a "neutral" rating and issued a $6.80 target price on shares of NIO in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.57.

NIO Stock Down 2.5%

The stock has a market cap of $10.58 billion, a PE ratio of -7.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.01 and a quick ratio of 0.90. The business has a 50 day simple moving average of $4.74 and a 200 day simple moving average of $5.35.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NIO. Corient Private Wealth LP increased its holdings in NIO by 11.0% in the 2nd quarter. Corient Private Wealth LP now owns 46,441 shares of the company's stock valued at $235,000 after buying an additional 4,593 shares during the period. HighTower Advisors LLC grew its stake in shares of NIO by 15.7% in the 2nd quarter. HighTower Advisors LLC now owns 68,866 shares of the company's stock valued at $348,000 after purchasing an additional 9,357 shares during the period. XY Capital Ltd grew its stake in shares of NIO by 26.5% in the 2nd quarter. XY Capital Ltd now owns 562,296 shares of the company's stock valued at $2,845,000 after purchasing an additional 117,946 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of NIO by 20.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 28,172 shares of the company's stock worth $140,000 after buying an additional 4,877 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of NIO in the 2nd quarter worth approximately $964,000. 48.55% of the stock is owned by institutional investors.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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