NIO (NYSE:NIO) Trading Down 2.1% – Time to Sell?

NIO Inc. (NYSE:NIO) shares fell 2.1% during trading on Tuesday . The stock traded as low as $5.70 and last traded at $5.7550. 22,708,144 shares traded hands during trading, a decline of 45% from the average session volume of 41,546,516 shares. The stock had previously closed at $5.88.

Analyst Ratings Changes

NIO has been the topic of several research reports. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a report on Wednesday, March 11th. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Bank of America restated a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. HSBC upgraded NIO from a “hold” rating to a “buy” rating and raised their price target for the company from $4.80 to $6.80 in a report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.80.

NIO Trading Down 2.1%

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 company has a market capitalization of $13.22 billion, a P/E ratio of -5.93 and a beta of 0.97. The business has a 50 day moving average price of $6.05 and a 200 day moving average price of $5.54.

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

Hedge Funds Weigh In On NIO

Several institutional investors have recently modified their holdings of NIO. Atlantic Union Bankshares Corp lifted its stake in NIO by 98.3% in the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after buying an additional 2,950 shares in the last quarter. Allworth Financial LP increased its position in shares of 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 in the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in shares of NIO during the first quarter worth $41,000. Arax Advisory Partners raised its holdings in shares of NIO by 81.6% during the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after acquiring an additional 3,487 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in NIO by 120.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after acquiring an additional 4,383 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

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.