NIO (NYSE:NIO) Trading Down 2.5% – Time to Sell?

Shares of NIO Inc. (NYSE:NIO) dropped 2.5% during trading on Wednesday . The company traded as low as $4.54 and last traded at $4.5650. Approximately 40,149,619 shares were traded during trading, a decline of 12% from the average daily volume of 45,430,949 shares. The stock had previously closed at $4.68.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NIO shares. Barclays increased their price objective on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Friday, November 28th. UBS Group lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Macquarie set a $5.30 price target on NIO in a 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, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of NIO in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, NIO presently has a consensus rating of “Hold” and a consensus target price of $6.73.

NIO Price Performance

The company has a debt-to-equity ratio of 2.36, a current ratio of 0.94 and a quick ratio of 0.83. The stock has a market capitalization of $9.53 billion, a P/E ratio of -3.15 and a beta of 1.05. The firm has a fifty day moving average of $5.39 and a two-hundred day moving average of $5.68.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NIO. Kingstone Capital Partners Texas LLC bought a new position in shares of NIO during the 2nd quarter worth approximately $12,315,000. American Century Companies Inc. boosted its stake in NIO by 37.4% in the second quarter. American Century Companies Inc. now owns 965,409 shares of the company’s stock valued at $3,311,000 after acquiring an additional 262,637 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in NIO by 125.2% in the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company’s stock worth $3,754,000 after purchasing an additional 608,377 shares during the last quarter. RWC Asset Advisors US LLC acquired a new position in shares of NIO during the third quarter worth $79,761,000. Finally, WMG Financial Advisors LLC lifted its holdings in shares of NIO by 17.9% during the 2nd quarter. WMG Financial Advisors LLC now owns 474,966 shares of the company’s stock valued at $1,629,000 after purchasing an additional 72,170 shares during the last quarter. 48.55% of the stock is owned by institutional investors.

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.