NIO (NYSE:NIO) Stock Price Down 2.5% – Here’s What Happened

NIO Inc. (NYSE:NIO) shares traded down 2.5% on Friday . The stock traded as low as $7.50 and last traded at $7.70. 67,649,292 shares were traded during mid-day trading, an increase of 13% from the average session volume of 59,888,809 shares. The stock had previously closed at $7.89.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $6.20 to $8.50 in a research report on Tuesday, September 16th. Morgan Stanley restated a “buy” rating on shares of NIO in a research report on Monday, July 14th. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research report on Saturday, September 27th. The Goldman Sachs Group upgraded shares of NIO from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Finally, Citigroup boosted their price target on shares of NIO from $8.10 to $8.60 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.35.

NIO Stock Down 2.5%

The firm’s 50 day simple moving average is $6.01 and its 200 day simple moving average is $4.58. The company has a market capitalization of $16.06 billion, a PE ratio of -4.81 and a beta of 1.30.

NIO (NYSE:NIO) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

Large investors have recently made changes to their positions in the stock. Xponance Inc. purchased a new stake in shares of NIO during the first quarter valued at $39,000. Blueshift Asset Management LLC purchased a new stake in shares of NIO during the first quarter valued at $43,000. Annex Advisory Services LLC purchased a new stake in shares of NIO during the first quarter valued at $47,000. Hedeker Wealth LLC purchased a new stake in shares of NIO during the second quarter valued at $43,000. Finally, May Hill Capital LLC purchased a new stake in shares of NIO during the first quarter valued at $48,000. 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.