Nio Inc - (NYSE:NIO - Get Free Report) shares fell 2.1% on Monday . The company traded as low as $3.18 and last traded at $3.39. 35,386,228 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 56,005,671 shares. The stock had previously closed at $3.46.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Mizuho reduced their target price on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a report on Thursday. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Citigroup lowered their price objective on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research report on Monday, March 24th. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. Finally, Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.05.
Read Our Latest Research Report on NIO
NIO Trading Up 6.6 %
The firm has a market cap of $7.30 billion, a PE ratio of -2.32 and a beta of 1.74. The company's fifty day moving average price is $4.23 and its two-hundred day moving average price is $4.67. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.
NIO (NYSE:NIO - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.81) EPS. As a group, sell-side analysts forecast that Nio Inc - will post -1.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NIO
Several institutional investors have recently made changes to their positions in the stock. PDS Planning Inc lifted its stake in shares of NIO by 13.0% in the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after purchasing an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after acquiring an additional 2,712 shares during the period. Franklin Resources Inc. boosted its stake in shares of NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after acquiring an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after acquiring an additional 2,867 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after acquiring an additional 3,152 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.
About NIO
(
Get Free Report)
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.
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