NIO (NYSE:NIO) Shares Down 0.8% – Time to Sell?

Nio Inc – (NYSE:NIO)’s share price traded down 0.8% during trading on Thursday . The company traded as low as $4.35 and last traded at $4.36. 20,905,899 shares changed hands during trading, a decline of 53% from the average session volume of 44,370,176 shares. The stock had previously closed at $4.39.

Analysts Set New Price Targets

A number of analysts have commented on NIO shares. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NIO presently has an average rating of “Hold” and a consensus price target of $5.38.

NIO Stock Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company’s fifty day moving average price is $4.36 and its 200 day moving average price is $4.75. The company has a market cap of $9.09 billion, a PE ratio of -2.88 and a beta of 1.68.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NIO. FMR LLC grew its position in NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after buying an additional 5,296,601 shares during the period. Trexquant Investment LP bought a new position in shares of NIO during the 4th quarter valued at approximately $3,305,000. Point72 Hong Kong Ltd purchased a new stake in shares of NIO during the 3rd quarter worth approximately $4,879,000. SG Americas Securities LLC lifted its stake in NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after purchasing an additional 589,082 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after purchasing an additional 538,907 shares during the period. Institutional investors own 48.55% of the company’s stock.

About NIO

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.