NIO (NYSE:NIO) Stock Price Down 1.5% - What's Next?

Nio Inc - (NYSE:NIO - Get Free Report) shares fell 1.5% during trading on Monday . The stock traded as low as $4.35 and last traded at $4.38. 17,811,231 shares were traded during mid-day trading, a decline of 61% from the average session volume of 45,739,449 shares. The stock had previously closed at $4.44.

Analysts Set New Price Targets

Several brokerages have recently commented on NIO. JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NIO has a consensus rating of "Hold" and a consensus target price of $5.38.

NIO Stock Performance

The firm has a fifty day simple moving average of $4.36 and a 200-day simple moving average of $4.78. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -3.06 and a beta of 1.68.

Institutional Inflows and Outflows

A number of large 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 4th 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 stake in shares of NIO by 25.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after purchasing an additional 2,712 shares during the period. Franklin Resources Inc. lifted its stake in shares of NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after purchasing an additional 2,788 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock valued at $61,000 after purchasing an additional 2,867 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake 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 valued at $94,000 after purchasing an additional 3,152 shares during the period. Institutional investors and hedge funds 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.