NIO (NYSE:NIO) Shares Down 3.9% – Should You Sell?

NIO Inc. (NYSE:NIO) fell 3.9% during mid-day trading on Monday . The company traded as low as $4.38 and last traded at $4.5150. 66,559,315 shares were traded during mid-day trading, an increase of 50% from the average session volume of 44,404,391 shares. The stock had previously closed at $4.70.

Analyst Upgrades and Downgrades

NIO has been the topic of several analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $7.00 price target on shares of NIO in a research report on Thursday, October 30th. Barclays lifted their target price on NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Friday, November 28th. UBS Group cut NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Citigroup decreased their price target on NIO from $8.60 to $6.90 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Finally, Macquarie raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target on the stock in a research report on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.83.

NIO Trading Down 3.9%

The business has a 50 day moving average of $4.96 and a two-hundred day moving average of $5.77. The firm has a market cap of $9.42 billion, a P/E ratio of -3.11 and a beta of 1.10. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36.

Institutional Trading of NIO

A number of hedge funds have recently modified their holdings of NIO. Farther Finance Advisors LLC boosted its holdings in shares of NIO by 148.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after buying an additional 2,877 shares during the period. Allworth Financial LP lifted its position in NIO by 183.5% during the third quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after acquiring an additional 4,269 shares during the last quarter. Aries Wealth Management bought a new stake in shares of NIO during the third quarter worth approximately $76,000. Concurrent Investment Advisors LLC acquired a new position in shares of NIO in the third quarter valued at approximately $77,000. Finally, Strategies Wealth Advisors LLC acquired a new position in shares of NIO in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

About NIO

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.