NIO (NYSE:NIO) Trading Down 0.5% – Here’s What Happened

Nio Inc – (NYSE:NIO) shares were down 0.5% during trading on Wednesday . The stock traded as low as $5.10 and last traded at $5.17. Approximately 15,790,606 shares were traded during trading, a decline of 71% from the average daily volume of 55,043,970 shares. The stock had previously closed at $5.19.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NIO shares. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.03.

NIO Trading Down 0.1 %

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $4.40 and its two-hundred day simple moving average is $4.86. The stock has a market capitalization of $10.82 billion, a P/E ratio of -3.43 and a beta of 1.81.

Institutional Trading of NIO

A number of hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after acquiring an additional 4,332 shares in the last quarter. Callan Family Office LLC bought a new stake in NIO during the 4th quarter worth approximately $44,000. Sava Infond d.o.o. bought a new position in NIO in the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO during the fourth quarter worth $45,000. 48.55% of the stock is owned by institutional investors.

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.