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

NIO Inc. (NYSE:NIO)’s share price was down 2.2% on Wednesday . The company traded as low as $5.54 and last traded at $5.6110. Approximately 43,759,108 shares traded hands during trading, an increase of 5% from the average daily volume of 41,569,332 shares. The stock had previously closed at $5.74.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NIO shares. Bank of America reiterated a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. HSBC upgraded NIO from a “hold” rating to a “buy” rating and increased their price target for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a research report on Wednesday, March 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.80.

NIO Trading Down 2.2%

The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of -5.78 and a beta of 0.97. The firm has a 50-day moving average of $6.07 and a 200 day moving average of $5.53.

NIO (NYSE:NIO) last posted its earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%.The firm had revenue of $4.95 billion for the quarter. As a group, equities analysts predict that NIO Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of NIO

Several large investors have recently added to or reduced their stakes in NIO. Atlantic Union Bankshares Corp boosted its stake in NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after purchasing an additional 2,950 shares in the last quarter. Arax Advisory Partners boosted its stake in NIO by 81.6% during the 4th 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. Eurizon Capital SGR S.p.A. bought a new position in NIO during the 4th quarter valued at $41,000. Merkkuri Wealth Advisors LLC bought a new position in NIO during the 1st quarter valued at $41,000. Finally, MV Capital Management Inc. bought a new position in NIO during the 4th quarter valued at $42,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Company Profile

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.