NIO (NYSE:NIO) Stock Price Down 1.1% on Analyst Downgrade

NIO Inc. (NYSE:NIO)’s share price fell 1.1% during mid-day trading on Wednesday after Citigroup lowered their price target on the stock from $8.60 to $6.90. Citigroup currently has a buy rating on the stock. NIO traded as low as $5.30 and last traded at $5.4420. 85,670,920 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 59,710,559 shares. The stock had previously closed at $5.50.

Several other research firms also recently issued reports on NIO. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research note on Wednesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Bank of America upped their target price on NIO from $5.00 to $7.10 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Mizuho raised their price target on NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Macquarie set a $5.30 price objective on NIO in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.60.

Hedge Funds Weigh In On NIO

Several institutional investors have recently added to or reduced their stakes in NIO. Gladstone Institutional Advisory LLC lifted its position in NIO by 12.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares during the period. MGO One Seven LLC lifted its holdings in shares of NIO by 10.6% during the third quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock worth $124,000 after purchasing an additional 1,560 shares during the period. Insigneo Advisory Services LLC grew its position in NIO by 4.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after buying an additional 1,806 shares during the last quarter. Tidal Investments LLC grew its position in NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after buying an additional 2,433 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after buying an additional 2,877 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Performance

The company has a market cap of $11.36 billion, a PE ratio of -3.75 and a beta of 1.46. The stock’s 50-day simple moving average is $6.87 and its 200 day simple moving average is $5.36.

NIO (NYSE:NIO) last issued its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $20.07 billion. NIO had a negative net margin of 31.17% and a negative return on equity of 1,477.97%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that NIO Inc. will post -1.43 EPS for the current fiscal year.

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.