NIO (NYSE:NIO) Stock Falls 3.2% – Time to Sell?

NIO Inc. (NYSE:NIO)’s share price fell 3.2% on Thursday. The stock traded as low as $3.10 and last traded at $3.1950. 50,986,237 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 36,526,984 shares. The stock had previously closed at $3.30.

NIO News Roundup

Here are the key news stories impacting NIO this week:

• Positive Sentiment: NIO shares rose alongside a broad recovery in EV stocks, including XPeng, Tesla and Li Auto. The rebound appears market-driven rather than a response to a new NIO catalyst. NIO Soars 6%, XPeng Up 7% as EV Stocks Bounce Back After Midterm Sell-Off
• Positive Sentiment: NIO reported reaching 130 million battery swaps across 4,236 stations in China, highlighting the scale of its battery-swapping network. Nio reaches 130 million battery swaps with 4,236 stations operating across China
• Positive Sentiment: A NIO electric-vehicle motor received an engineering award, offering a positive product and technology signal, though the article provides no financial impact. Nio EV motor wins prestigious engineering
• Neutral Sentiment: Sell-side analysts reportedly rate NIO “Hold,” suggesting neither a strong bullish nor bearish consensus signal. NIO Inc. Stock Rated Hold by Sell-Side Analysts
• Negative Sentiment: NIO’s October deliveries reportedly declined 15%, a potential demand headwind that may temper the market-wide rebound. NIO Reports October Deliveries

Wall Street Analysts Forecast Growth

NIO has been the topic of several analyst reports. Sanford C. Bernstein reduced their price target on shares of NIO from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 2nd. Citigroup reissued a “buy” rating on shares of NIO in a research note on Tuesday, September 1st. Zacks Research downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada lowered NIO to a “sector perform” rating in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $6.10 price target on shares of NIO in a report on Friday, September 4th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.78.

NIO Trading Up 6.1%

The company has a 50 day moving average of $3.53 and a 200-day moving average of $4.85. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of -12.57 and a beta of 0.89. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.89 and a current ratio of 1.02.

NIO (NYSE:NIO) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $4.73 billion for the quarter. NIO had a negative net margin of 3.95% and a negative return on equity of 111.37%. On average, research analysts anticipate that NIO Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of NIO

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in NIO by 99.0% during the 1st quarter. Bank of America Corp DE now owns 14,228,916 shares of the company’s stock worth $85,800,000 after purchasing an additional 7,079,903 shares during the period. Hsbc Holdings PLC boosted its stake in shares of NIO by 651.5% in the 2nd quarter. Hsbc Holdings PLC now owns 1,600,640 shares of the company’s stock valued at $8,051,000 after buying an additional 1,387,656 shares during the period. Renaissance Technologies LLC grew its position in shares of NIO by 70.2% during the first quarter. Renaissance Technologies LLC now owns 14,452,131 shares of the company’s stock worth $87,146,000 after buying an additional 5,962,731 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of NIO during the second quarter worth approximately $19,008,000. Finally, ABC Arbitrage SA purchased a new stake in shares of NIO during the first quarter worth approximately $4,043,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

About NIO

NIO Inc is a Chinese smart electric vehicle manufacturer founded in 2014 and headquartered in Shanghai. The company develops, manufactures and sells premium battery-powered passenger vehicles, including sedans, SUVs and coupés. Its vehicle lineup has included models such as the ET7, ET5, ES6, EL6, EL7 and EC6, along with newer vehicles introduced under the NIO and ONVO brands.

In addition to vehicle sales, NIO provides related services and technologies designed to support electric vehicle ownership.