NIO (NYSE:NIO) Shares Down 2.2% – What’s Next?

by · The Cerbat Gem

NIO Inc. (NYSE:NIO – Get Free Report) traded down 2.2% during mid-day trading on Wednesday . The company traded as low as $5.54 and last traded at $5.6110. 43,759,108 shares were traded during trading, an increase of 5% from the average session volume of 41,569,332 shares. The stock had previously closed at $5.74.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Bank of America reaffirmed a “neutral” rating on shares of NIO in a research note on Tuesday, March 10th. HSBC raised NIO from a “hold” rating to a “buy” rating and increased their price target for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Finally, Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective for the company in a research note on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, NIO currently has an average rating of “Hold” and a consensus target price of $6.80.

View Our Latest Analysis on NIO

NIO Trading Down 2.2%

The firm has a market capitalization of $12.89 billion, a P/E ratio of -5.78 and a beta of 0.97. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The firm has a 50 day moving average price of $6.07 and a two-hundred day moving average price of $5.53.

NIO (NYSE:NIO – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $4.95 billion during the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%. On average, equities research analysts expect that NIO Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp boosted its stake in shares of NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after acquiring an additional 2,950 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of NIO by 183.5% in the third quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock valued at $50,000 after purchasing an additional 4,269 shares in the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of NIO in the first quarter valued at $41,000. Arax Advisory Partners lifted its holdings in shares of NIO by 81.6% in the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after purchasing an additional 3,487 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of NIO by 120.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after purchasing an additional 4,383 shares in the last quarter. 48.55% of the stock is owned by institutional investors.

About NIO

(Get Free Report)

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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