NIO (NYSE:NIO) Reaches New 12-Month Low at $3.61

Nio Inc – (NYSE:NIO) reached a new 52-week low during trading on Monday . The stock traded as low as $3.61 and last traded at $3.83, with a volume of 20403775 shares trading hands. The stock had previously closed at $3.80.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NIO shares. Barclays reaffirmed an “underweight” rating and set a $4.00 price target (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Mizuho reissued a “neutral” rating and issued a $5.50 target price on shares of NIO in a report on Monday, March 25th. Sanford C. Bernstein reduced their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a report on Thursday, March 7th. UBS Group reduced their target price on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Bank of America reduced their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.43.

NIO Stock Up 0.5 %

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 has a 50 day simple moving average of $5.13 and a two-hundred day simple moving average of $6.65.

NIO (NYSE:NIO) last posted its quarterly 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 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 the consensus estimate of $18.16 billion. During the same quarter in the previous year, the company earned ($0.51) earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Nio Inc – will post -1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bfsg LLC bought a new position in shares of NIO during the 4th quarter valued at approximately $33,000. Rakuten Securities Inc. bought a new position in shares of NIO during the 4th quarter valued at approximately $38,000. Principal Securities Inc. bought a new position in shares of NIO during the 4th quarter valued at approximately $42,000. Peoples Bank KS bought a new position in shares of NIO during the 3rd quarter valued at approximately $46,000. Finally, Fountainhead AM LLC bought a new position in shares of NIO during the 3rd quarter valued at approximately $91,000. 48.55% of the stock is currently owned by institutional investors.

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.