NIO (NYSE:NIO) Trading Down 3.2%

Nio Inc – (NYSE:NIO) shares were down 3.2% on Friday . The stock traded as low as $5.33 and last traded at $5.41. Approximately 29,265,382 shares were traded during trading, a decline of 48% from the average daily volume of 56,692,523 shares. The stock had previously closed at $5.59.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America decreased their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Macquarie assumed coverage on NIO in a research note on Monday, April 15th. They issued a “neutral” rating and a $5.00 price objective on the stock. UBS Group reduced their target price on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a report on Thursday, March 14th. Jefferies Financial Group lowered their price target on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, Sanford C. Bernstein reduced their price objective on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.43.

NIO Trading Down 0.4 %

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 stock has a market capitalization of $9.58 billion, a P/E ratio of -3.18 and a beta of 1.92. The business’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $6.42.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share 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 during the quarter, compared to the consensus estimate of $18.16 billion. During the same quarter in the previous year, the business posted ($0.51) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Nio Inc – will post -1.26 earnings per share for the current year.

Institutional Trading of NIO

Several institutional investors have recently modified their holdings of NIO. Bfsg LLC bought a new position in NIO in the fourth quarter worth $33,000. Rakuten Securities Inc. bought a new position in shares of NIO during the 4th quarter worth about $38,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of NIO by 272.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after acquiring an additional 6,875 shares during the period. Principal Securities Inc. acquired a new stake in shares of NIO during the 4th quarter valued at about $42,000. Finally, Peoples Bank KS bought a new stake in NIO in the third quarter valued at about $46,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.