NIO (NYSE:NIO) Trading Down 2.2%

Nio Inc – (NYSE:NIOGet Free Report)’s stock price fell 2.2% during mid-day trading on Monday . The stock traded as low as $5.19 and last traded at $5.27. 31,497,996 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 57,080,867 shares. The stock had previously closed at $5.39.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group decreased their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a report on Thursday, March 14th. Macquarie assumed coverage on shares of NIO in a report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock. Bank of America dropped their price objective on shares of NIO from $6.50 to $5.90 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $4.80 to $5.40 in a research report on Wednesday, May 15th. Finally, Barclays reiterated an “underweight” rating and issued a $4.00 target price (down previously from $5.00) on shares of NIO in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.43.

Get Our Latest Stock Report on NIO

NIO Stock Performance

The company has a market capitalization of $9.11 billion, a P/E ratio of -3.01 and a beta of 1.92. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $4.78 and its two-hundred day moving average is $6.07.

NIO (NYSE:NIOGet Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.51) earnings per share. Equities analysts anticipate that Nio Inc – will post -1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in shares of NIO in the 3rd quarter worth about $443,000. Sigma Planning Corp increased its position in NIO by 12.9% in the third quarter. Sigma Planning Corp now owns 50,644 shares of the company’s stock worth $458,000 after buying an additional 5,794 shares in the last quarter. Jump Financial LLC bought a new position in shares of NIO during the 3rd quarter valued at approximately $288,000. Oppenheimer & Co. Inc. lifted its holdings in NIO by 32.3% during the third quarter. Oppenheimer & Co. Inc. now owns 63,433 shares of the company’s stock valued at $573,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in shares of NIO by 5.6% in the third quarter. Banque Cantonale Vaudoise now owns 188,033 shares of the company’s stock worth $1,698,000 after purchasing an additional 9,988 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

NIO Company Profile

(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.

Read More

Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.