NIO (NYSE:NIO) Stock Price Down 1.3% - What's Next?

Nio Inc - (NYSE:NIO - Get Free Report)'s share price fell 1.3% on Tuesday . The stock traded as low as $3.30 and last traded at $3.32. 17,192,753 shares changed hands during trading, a decline of 69% from the average session volume of 56,003,670 shares. The stock had previously closed at $3.36.

Analyst Ratings Changes

Several equities analysts recently commented on NIO shares. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Citigroup reduced their target price on NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Cfra Research raised NIO to a "hold" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Up 6.6 %

The firm has a 50 day moving average price of $4.23 and a 200-day moving average price of $4.67. 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 firm has a market cap of $7.30 billion, a price-to-earnings ratio of -2.32 and a beta of 1.74.

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NIO (NYSE:NIO - Get Free Report) last issued its 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 business had revenue of $2.70 billion during 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% compared to the same quarter last year. During the same period last year, the business posted ($2.81) EPS. As a group, equities analysts predict that Nio Inc - will post -1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP bought a new stake in NIO in the fourth quarter valued at approximately $3,305,000. SG Americas Securities LLC increased its position in shares of NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock valued at $5,018,000 after buying an additional 589,082 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in NIO during the 4th quarter worth $1,776,000. XY Capital Ltd bought a new position in NIO during the fourth quarter worth about $1,544,000. Finally, AI Squared Management Ltd bought a new position in NIO during the fourth quarter worth about $1,491,000. 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.