NIO (NYSE:NIO) Shares Down 1.5%

Nio Inc – (NYSE:NIOGet Free Report)’s stock price dropped 1.5% during mid-day trading on Wednesday . The company traded as low as $4.36 and last traded at $4.47. Approximately 14,270,398 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 57,166,730 shares. The stock had previously closed at $4.54.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on NIO in a research note on Wednesday, January 3rd. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their price target on NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a research note on Wednesday, March 6th. Jefferies Financial Group reduced their price objective 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 reduced their price objective on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $5.50 price objective on shares of NIO in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.74.

View Our Latest Stock Analysis on NIO

NIO Trading Down 1.3 %

The firm has a market capitalization of $7.70 billion, a PE ratio of -2.55 and a beta of 1.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a fifty day moving average of $5.59 and a 200 day moving average of $7.10.

NIO (NYSE:NIOGet Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.51) earnings per share. Equities research analysts expect that Nio Inc – will post -1.23 EPS for the current year.

Institutional Investors Weigh In On NIO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bfsg LLC purchased a new stake in NIO during the 4th quarter worth approximately $33,000. Point72 Asset Management L.P. bought a new stake in shares of NIO in the 4th quarter valued at approximately $33,000. Rakuten Securities Inc. bought a new stake in shares of NIO in the 4th quarter valued at approximately $38,000. Principal Securities Inc. bought a new stake in shares of NIO in the 4th quarter valued at approximately $42,000. Finally, Peoples Bank KS bought a new stake in shares of NIO in the 3rd quarter valued at approximately $46,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

About NIO

(Get Free Report)

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.

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