NIO (NYSE:NIO) Stock Price Down 1.9% – What’s Next?

Shares of Nio Inc – (NYSE:NIO) fell 1.9% on Wednesday . The company traded as low as $4.25 and last traded at $4.31. 21,448,699 shares were traded during trading, a decline of 61% from the average session volume of 55,108,348 shares. The stock had previously closed at $4.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NIO shares. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Cfra Research raised NIO to a “hold” rating in a research note on Friday, March 21st. Mizuho dropped their target price on shares of NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a report on Monday. Finally, Citigroup decreased their price target on NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average target price of $5.00.

NIO Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average of $4.44 and a 200-day moving average of $4.86. The firm has a market capitalization of $8.73 billion, a P/E ratio of -2.78 and a beta of 1.81.

NIO (NYSE:NIO) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.81) EPS. Equities analysts predict that Nio Inc – will post -1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its position in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares in the last quarter. Sava Infond d.o.o. bought a new stake in NIO during the 4th quarter worth $44,000. Callan Family Office LLC acquired a new position in shares of NIO in the fourth quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO during the fourth quarter valued at $45,000. Institutional investors 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.