NIO (NYSE:NIO) Trading Down 9.9%

Nio Inc – (NYSE:NIO) fell 9.9% during trading on Thursday . The company traded as low as $4.72 and last traded at $4.72. 45,814,927 shares were traded during mid-day trading, a decline of 20% from the average session volume of 57,327,293 shares. The stock had previously closed at $5.24.

Analysts Set New Price Targets

NIO has been the topic of several analyst reports. Sanford C. Bernstein dropped their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Bank of America lowered their price objective on shares of NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Macquarie began coverage on shares of NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock. Mizuho reaffirmed a “neutral” rating and set a $5.50 price objective on shares of NIO in a research report on Monday, March 25th. Finally, Barclays reaffirmed an “underweight” rating and set a $4.00 price objective (down from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.48.

NIO Price Performance

The stock’s 50 day moving average price is $4.78 and its two-hundred day moving average price is $6.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of -2.76 and a beta of 1.92.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. NIO’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.51) earnings per share. On average, equities research analysts anticipate that Nio Inc – will post -1.26 EPS for the current year.

Institutional Investors Weigh In On NIO

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bfsg LLC acquired a new position in NIO during the 4th quarter valued at about $33,000. Rakuten Securities Inc. acquired a new position in NIO during the 4th quarter valued at about $38,000. Newbridge Financial Services Group Inc. lifted its position in NIO by 272.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock valued at $42,000 after purchasing an additional 6,875 shares during the period. Principal Securities Inc. acquired a new position in NIO during the 4th quarter valued at about $42,000. Finally, BSW Wealth Partners acquired a new position in NIO during the 1st quarter valued at about $46,000. Institutional investors 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.