NIO (NYSE:NIO) Stock Price Down 1.8%

Shares of Nio Inc – (NYSE:NIO) traded down 1.8% on Tuesday . The company traded as low as $4.77 and last traded at $4.82. 25,690,315 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 56,966,516 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NIO shares. JPMorgan Chase & Co. dropped their target price on shares of NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a research report on Wednesday, March 6th. Jefferies Financial Group dropped their price target on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Bank of America lowered their target price on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Mizuho reissued a “neutral” rating and set a $5.50 target price on shares of NIO in a research report on Monday. Finally, UBS Group dropped their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.83.

NIO Stock Down 2.2 %

The company’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $7.28. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $18.16 billion. During the same quarter in the previous year, the business earned ($0.51) EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Nio Inc – will post -1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Several hedge funds have recently added to or reduced their stakes in NIO. HighPoint Advisor Group LLC purchased a new stake in NIO during the fourth quarter worth $93,000. Napatree Capital LLC acquired a new stake in shares of NIO during the 4th quarter valued at about $119,000. Quadrature Capital Ltd acquired a new position in NIO in the 4th quarter worth about $12,361,000. Fisher Asset Management LLC boosted its position in NIO by 184.0% during the fourth quarter. Fisher Asset Management LLC now owns 244,766 shares of the company’s stock worth $2,220,000 after purchasing an additional 158,595 shares in the last quarter. Finally, Electron Capital Partners LLC increased its position in shares of NIO by 5.6% in the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after buying an additional 235,521 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other 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.