NIO (NYSE:NIO) Stock Price Down 2.1% - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report) shares fell 2.1% on Thursday . The stock traded as low as $3.63 and last traded at $3.72. 15,544,127 shares traded hands during trading, a decline of 72% from the average session volume of 55,761,347 shares. The stock had previously closed at $3.80.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, Mizuho dropped their price objective on NIO from $5.00 to $4.20 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NIO has a consensus rating of "Hold" and a consensus target price of $5.17.

NIO Stock Performance

The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of -2.29 and a beta of 1.74. The company's fifty day simple moving average is $4.38 and its 200 day simple moving average is $4.78. The company has a quick ratio of 0.93, a current ratio of 1.04 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) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The company 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%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted ($2.81) EPS. On average, equities research analysts expect that Nio Inc - will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

Several hedge funds have recently added to or reduced their stakes in NIO. Blue Trust Inc. increased its position in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp increased its position 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 acquiring an additional 4,332 shares during the period. Callan Family Office LLC acquired a new stake in NIO in the 4th quarter worth about $44,000. Sava Infond d.o.o. bought a new stake in NIO in the 4th quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new position in shares of NIO during the 4th quarter worth approximately $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.