NIO (NYSE:NIO) Shares Down 6% – Here’s Why

NIO Inc. (NYSE:NIO)’s stock price dropped 6% during trading on Thursday . The company traded as low as $5.38 and last traded at $5.4050. Approximately 68,606,934 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 59,505,895 shares. The stock had previously closed at $5.75.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NIO shares. UBS Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and raised their price target for the company from $6.20 to $8.50 in a report on Tuesday, September 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Bank of America lifted their price target on shares of NIO from $5.00 to $7.10 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Citigroup increased their target price on shares of NIO from $8.10 to $8.60 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.03.

NIO Trading Down 6.0%

The company has a market capitalization of $11.28 billion, a PE ratio of -3.38 and a beta of 1.46. The firm has a fifty day moving average of $6.98 and a two-hundred day moving average of $5.30.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of NIO by 3,282.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 42,925 shares of the company’s stock valued at $327,000 after purchasing an additional 41,656 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in NIO during the third quarter valued at $431,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of NIO by 13.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 1,066,223 shares of the company’s stock worth $7,675,000 after acquiring an additional 129,487 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of NIO in the 3rd quarter worth $155,000. Finally, XTX Topco Ltd acquired a new stake in shares of NIO during the 3rd quarter worth approximately $1,456,000. Hedge funds and other institutional investors 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.