NIO (NYSE:NIO) Stock Price Down 1.2% – What’s Next?

NIO Inc. (NYSE:NIO)’s share price dropped 1.2% during trading on Monday . The company traded as low as $6.02 and last traded at $6.0850. Approximately 52,938,326 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 59,533,074 shares. The stock had previously closed at $6.16.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NIO shares. Bank of America upped their price target on NIO from $5.00 to $7.10 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a report on Wednesday, October 8th. Mizuho upped their target price on NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $4.80 to $8.00 in a research report on Tuesday, August 26th. Finally, UBS Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. Four research 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.com, NIO has a consensus rating of “Hold” and a consensus target price of $6.75.

NIO Trading Down 1.2%

The company has a fifty day moving average of $6.98 and a 200-day moving average of $5.28.

NIO (NYSE:NIO) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $20.07 billion. During the same period in the prior year, the firm earned ($2.21) earnings per share. NIO’s revenue was up 9.0% compared to the same quarter last year. NIO has set its Q3 2025 guidance at EPS. On average, analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after buying an additional 2,877 shares during the last quarter. Aries Wealth Management bought a new stake in NIO during the third quarter worth $76,000. Concurrent Investment Advisors LLC purchased a new position in NIO in the third quarter worth $77,000. Strategies Wealth Advisors LLC purchased a new position in NIO in the third quarter worth $77,000. Finally, Xponance Inc. bought a new position in NIO in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.