NIO (NYSE:NIO) Shares Down 2.1% – What’s Next?

Nio Inc – (NYSE:NIO) dropped 2.1% during trading on Monday . The company traded as low as $3.91 and last traded at $4.02. Approximately 9,108,813 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 53,880,934 shares. The stock had previously closed at $4.10.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of NIO in a report on Monday, April 28th. Mizuho cut their price target on shares of NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Cfra Research upgraded shares of NIO to a “hold” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.05.

NIO Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $8.41 billion, a P/E ratio of -2.67 and a beta of 1.73. The company’s 50-day simple moving average is $3.99 and its 200 day simple moving average is $4.32.

NIO (NYSE:NIO) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. NIO’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted ($2.81) earnings per share. As a group, sell-side analysts expect that Nio Inc – will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of NIO

Several large investors have recently modified their holdings of NIO. Ballentine Partners LLC boosted its holdings in shares of NIO by 31.2% during the 4th quarter. Ballentine Partners LLC now owns 31,508 shares of the company’s stock worth $137,000 after buying an additional 7,488 shares during the period. Atomi Financial Group Inc. raised its stake in NIO by 39.1% during the 4th quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company’s stock valued at $117,000 after purchasing an additional 7,554 shares during the last quarter. MCF Advisors LLC raised its stake in NIO by 4.2% during the 4th quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock valued at $485,000 after purchasing an additional 4,479 shares during the last quarter. SG Americas Securities LLC raised its stake in NIO by 104.8% during the 4th 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, Firethorn Wealth Partners LLC acquired a new position in NIO during the 4th quarter valued at $109,000. 48.55% of the stock is owned by 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.