NIO (NYSE:NIO) Trading Down 3.6%

Nio Inc – (NYSE:NIO)’s share price dropped 3.6% during mid-day trading on Monday . The stock traded as low as $3.93 and last traded at $3.96. Approximately 25,914,315 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 56,519,293 shares. The stock had previously closed at $4.11.

Analyst Upgrades and Downgrades

NIO has been the subject of several recent analyst reports. Sanford C. Bernstein lowered their price target on NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a report on Thursday, March 7th. JPMorgan Chase & Co. lowered their price target on NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a report on Wednesday, March 6th. Mizuho restated a “neutral” rating and issued a $5.50 price target on shares of NIO in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on NIO in a report on Wednesday, January 3rd. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group decreased their price objective on NIO from $8.30 to $5.90 and set a “hold” rating for the company in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, NIO has an average rating of “Hold” and an average target price of $8.43.

NIO Stock Down 2.1 %

The firm has a 50-day moving average of $5.29 and a 200 day moving average of $6.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of -2.18 and a beta of 1.93.

NIO (NYSE:NIO) last issued its quarterly 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). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. During the same period last year, the company posted ($0.51) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Nio Inc – will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.