NIO (NYSE:NIO) Trading Down 3.6%

Nio Inc – (NYSE:NIO)’s stock price fell 3.6% during mid-day trading on Monday . The stock traded as low as $3.93 and last traded at $3.96. 25,914,315 shares traded hands during trading, a decline of 54% from the average session volume of 56,519,293 shares. The stock had previously closed at $4.11.

Analysts Set New Price Targets

Several research firms have recently weighed in on NIO. UBS Group decreased their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Bank of America decreased their price target on shares of NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Sanford C. Bernstein decreased their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. decreased their price target on shares of NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a report on Wednesday, March 6th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $5.50 price target on shares of NIO in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, NIO currently has an average rating of “Hold” and a consensus target price of $8.43.

NIO Stock Down 2.1 %

The stock has a 50 day moving average price of $5.29 and a 200-day moving average price of $6.78. The stock has a market capitalization of $6.55 billion, a P/E ratio of -2.18 and a beta of 1.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13.

NIO (NYSE:NIO) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. During the same period last year, the business posted ($0.51) earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Nio Inc – will post -1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NIO. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of NIO by 127.6% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 770,160 shares of the company’s stock worth $15,172,000 after purchasing an additional 431,851 shares during the period. US Bancorp DE boosted its holdings in shares of NIO by 19.9% during the first quarter. US Bancorp DE now owns 18,593 shares of the company’s stock worth $392,000 after purchasing an additional 3,092 shares during the period. Cibc World Market Inc. boosted its holdings in shares of NIO by 23.6% during the first quarter. Cibc World Market Inc. now owns 38,708 shares of the company’s stock worth $815,000 after purchasing an additional 7,396 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NIO by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,705,563 shares of the company’s stock worth $57,007,000 after purchasing an additional 48,720 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of NIO by 45.6% during the first quarter. Sei Investments Co. now owns 338,913 shares of the company’s stock worth $7,134,000 after purchasing an additional 106,140 shares during the period. 48.55% of the stock is owned by institutional investors.

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.