NIO (NYSE:NIO) Hits New 1-Year Low – What’s Next?

NIO Inc. (NYSE:NIO)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $3.71 and last traded at $3.7250, with a volume of 5176488 shares changing hands. The stock had previously closed at $3.79.

Wall Street Analysts Forecast Growth

NIO has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $4.50 in a research report on Wednesday, September 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research note on Wednesday, July 29th. Sanford C. Bernstein dropped their price objective on shares of NIO from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, September 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $6.10 target price on shares of NIO in a research report on Friday, September 4th. Finally, Royal Bank Of Canada cut NIO to a “sector perform” rating in a research report on Thursday, September 3rd. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NIO has an average rating of “Hold” and a consensus target price of $6.21.

NIO Trading Down 2.0%

The company’s fifty day moving average is $4.59 and its two-hundred day moving average is $5.29. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.89 and a current ratio of 1.02. The company has a market cap of $9.22 billion, a price-to-earnings ratio of -13.76 and a beta of 0.92.

NIO (NYSE:NIO) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.00 EPS for the quarter. The business had revenue of $4.73 billion during the quarter. NIO had a negative net margin of 3.95% and a negative return on equity of 111.37%. On average, research analysts anticipate that NIO Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after purchasing an additional 5,185,565 shares during the period. Franklin Resources Inc. boosted its holdings in NIO by 50.9% during the second quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock worth $61,000 after buying an additional 5,974 shares in the last quarter. Invesco Ltd. boosted its holdings in NIO by 22.7% during the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after buying an additional 506,618 shares in the last quarter. First Trust Advisors LP grew its position in NIO by 67.4% during the second quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock valued at $251,000 after buying an additional 29,501 shares during the period. Finally, AXA S.A. purchased a new position in NIO in the second quarter valued at $64,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.