NIO (NYSE:NIO) Shares Down 0.5% – What’s Next?

Shares of Nio Inc – (NYSE:NIO) traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $3.04 and last traded at $3.13. 22,191,335 shares were traded during mid-day trading, a decline of 60% from the average session volume of 56,146,705 shares. The stock had previously closed at $3.14.

Analysts Set New Price Targets

NIO has been the topic of several recent analyst reports. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Citigroup cut their price target on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, Cfra Research upgraded shares of NIO to a “hold” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO currently has an average rating of “Hold” and a consensus target price of $5.17.

NIO Price Performance

The firm’s 50 day moving average price is $4.31 and its two-hundred day moving average price is $4.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a market cap of $6.84 billion, a PE ratio of -2.18 and a beta of 1.74.

NIO (NYSE:NIO) last issued its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the previous year, the firm earned ($2.81) EPS. The company’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts expect that Nio Inc – will post -1.43 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after acquiring an additional 4,332 shares in the last quarter. Sava Infond d.o.o. bought a new stake in shares of NIO during the 4th quarter valued at about $44,000. Callan Family Office LLC purchased a new position in shares of NIO during the fourth quarter worth about $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO in the fourth quarter worth approximately $45,000. 48.55% of the stock is currently owned by institutional investors.

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.