NIO (NYSE:NIO) Trading Down 1.4% – Should You Sell?

Nio Inc – (NYSE:NIO) shares traded down 1.4% on Tuesday . The stock traded as low as $3.96 and last traded at $3.99. 9,392,578 shares were traded during trading, a decline of 83% from the average session volume of 53,753,173 shares. The stock had previously closed at $4.04.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cfra Research upgraded shares of NIO to a “hold” rating in a research report on Friday, March 21st. Mizuho cut their price objective on NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Citigroup restated a “buy” rating on shares of NIO in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.05.

NIO Trading Down 1.1%

The stock’s fifty day simple moving average is $3.97 and its two-hundred day simple moving average is $4.31. The firm has a market cap of $8.34 billion, a PE ratio of -2.64 and a beta of 1.73. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period last year, the business earned ($2.81) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Nio Inc – will post -1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in NIO by 138.5% in 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares during the last quarter. Sava Infond d.o.o. bought a new stake in NIO in the 4th quarter worth approximately $44,000. Callan Family Office LLC purchased a new stake in NIO during the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO during the 4th quarter valued at $45,000. 48.55% of the stock is owned by hedge funds and other 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.