NIO (NYSE:NIO) Stock Price Down 0.7% - Should You Sell?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) fell 0.7% during mid-day trading on Tuesday . The company traded as low as $3.56 and last traded at $3.59. 9,111,750 shares were traded during trading, a decline of 84% from the average session volume of 56,205,540 shares. The stock had previously closed at $3.61.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Citigroup decreased their target price on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Mizuho dropped their price target on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.05.

NIO Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a fifty day moving average of $4.18 and a 200-day moving average of $4.61. The firm has a market cap of $7.36 billion, a P/E ratio of -2.33 and a beta of 1.74.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in NIO during the fourth quarter worth about $1,360,000. AlphaStar Capital Management LLC purchased a new position in NIO in the fourth quarter valued at approximately $537,000. Arizona PSPRS Trust bought a new position in NIO during the fourth quarter valued at $1,330,000. Principal Financial Group Inc. raised its stake in shares of NIO by 140.2% in the third quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock valued at $502,000 after buying an additional 43,839 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of NIO during the 4th quarter worth $1,776,000. 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.