NIO (NYSE:NIO) Trading Down 3.2%

Shares of Nio Inc – (NYSE:NIOGet Free Report) fell 3.2% during mid-day trading on Friday . The company traded as low as $5.33 and last traded at $5.41. 29,265,382 shares were traded during trading, a decline of 48% from the average session volume of 56,692,523 shares. The stock had previously closed at $5.59.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of research reports. UBS Group cut their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Macquarie initiated coverage on shares of NIO in a report on Monday, April 15th. They issued a “neutral” rating and a $5.00 price target on the stock. Jefferies Financial Group decreased their price objective on shares of NIO from $8.30 to $5.90 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Mizuho reissued a “neutral” rating and issued a $5.50 target price on shares of NIO in a research note on Monday, March 25th. Finally, Sanford C. Bernstein reduced their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.43.

View Our Latest Research Report on NIO

NIO Price Performance

The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $4.92 and its 200-day moving average is $6.42. The stock has a market cap of $9.58 billion, a PE ratio of -3.18 and a beta of 1.92.

NIO (NYSE:NIOGet Free Report) last released 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 return on equity of 110.72% and a negative net margin of 38.09%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. During the same quarter last year, the firm posted ($0.51) EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Nio Inc – will post -1.26 earnings per share for the current year.

Institutional Trading of NIO

A number of hedge funds have recently made changes to their positions in NIO. Hsbc Holdings PLC boosted its stake in NIO by 238.6% during the 4th quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after acquiring an additional 4,976,403 shares during the last quarter. Electron Capital Partners LLC bought a new position in shares of NIO during the third quarter worth about $37,918,000. Quadrature Capital Ltd acquired a new position in NIO in the fourth quarter worth about $12,361,000. Norges Bank bought a new stake in NIO in the fourth quarter valued at about $9,652,000. Finally, Linden Advisors LP acquired a new stake in NIO during the third quarter valued at approximately $8,972,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.

Further Reading

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