NIO (NYSE:NIO) Shares Down 3.4% – Time to Sell?

NIO Inc. (NYSE:NIO)’s stock price fell 3.4% during mid-day trading on Tuesday . The company traded as low as $7.07 and last traded at $7.1650. 41,770,008 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 59,696,250 shares. The stock had previously closed at $7.42.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NIO. UBS Group raised NIO from a “neutral” rating to a “buy” rating and raised their price objective for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. Citigroup upped their price objective on shares of NIO from $8.10 to $8.60 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research note on Wednesday, October 8th. Bank of America lifted their target price on shares of NIO from $5.00 to $7.10 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $7.00 price target on shares of NIO in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.75.

NIO Trading Down 3.4%

The stock has a market capitalization of $14.95 billion, a P/E ratio of -4.48 and a beta of 1.46. The business’s fifty day simple moving average is $6.92 and its two-hundred day simple moving average is $5.09.

NIO (NYSE:NIO) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period in the prior year, the company posted ($2.21) EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that NIO Inc. will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

A number of institutional investors and hedge funds have recently modified their holdings of NIO. RWC Asset Advisors US LLC acquired a new position in shares of NIO in the third quarter valued at $79,761,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock valued at $20,255,000 after buying an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of NIO during the 2nd quarter worth about $12,315,000. Invesco Ltd. lifted its holdings in shares of NIO by 22.7% during the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after acquiring an additional 506,618 shares during the period. Finally, RWC Asset Management LLP boosted its position in shares of NIO by 8,488.0% during the 3rd quarter. RWC Asset Management LLP now owns 2,733,551 shares of the company’s stock valued at $20,830,000 after acquiring an additional 2,701,721 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

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.