NIO (NYSE:NIO) Trading Down 3.2% – Here’s What Happened

NIO Inc. (NYSE:NIO)’s share price traded down 3.2% during trading on Thursday . The stock traded as low as $6.14 and last traded at $6.2450. 62,128,494 shares were traded during trading, an increase of 4% from the average session volume of 59,568,398 shares. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NIO shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Bank of America raised their price objective on shares of NIO from $5.00 to $7.10 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. UBS Group upgraded NIO from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.20 to $8.50 in a report on Tuesday, September 16th. Finally, Wall Street Zen upgraded NIO from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NIO has an average rating of “Hold” and a consensus price target of $6.75.

NIO Price Performance

The business’s 50-day moving average is $6.98 and its two-hundred day moving average is $5.26. The firm has a market cap of $12.85 billion, a P/E ratio of -3.85 and a beta of 1.46.

NIO (NYSE:NIO) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. Equities research analysts predict that NIO Inc. will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Aspex Management HK Ltd acquired a new stake in NIO during the third quarter worth approximately $266,700,000. WT Asset Management Ltd bought a new position in shares of NIO during the third quarter worth approximately $142,120,000. Ghisallo Capital Management LLC acquired a new stake in NIO during the 3rd quarter worth approximately $91,440,000. RWC Asset Advisors US LLC acquired a new stake in NIO during the 3rd quarter worth approximately $79,761,000. Finally, Quadrature Capital Ltd bought a new stake in NIO in the 3rd quarter valued at $58,308,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.