NIO (NYSE:NIO) Shares Gap Down - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.17, but opened at $4.98. NIO shares last traded at $4.89, with a volume of 12,706,492 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Cfra Research raised shares of NIO to a "hold" rating in a research note on Friday. Citigroup dropped their price objective on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research note on Monday. Finally, HSBC downgraded NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIO currently has a consensus rating of "Hold" and a consensus target price of $5.00.

NIO Trading Up 0.2 %

The business has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.87. The company has a market capitalization of $9.16 billion, a P/E ratio of -2.91 and a beta of 1.81. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

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NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. NIO's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned ($2.81) EPS. Analysts anticipate that Nio Inc - will post -1.43 EPS for the current year.

Hedge Funds Weigh In On NIO

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

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.