NIO (NYSE:NIO) Stock Price Down 3.9% - Time to Sell?

Nio Inc - (NYSE:NIO - Get Free Report) shares traded down 3.9% during trading on Friday . The company traded as low as $3.97 and last traded at $4.02. 13,535,096 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 56,024,841 shares. The stock had previously closed at $4.18.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. HSBC lowered NIO from a "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 on the stock in a research note on Monday, March 24th. Cfra Research upgraded NIO to a "hold" rating in a research note on Friday, March 21st. Finally, Mizuho reduced their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.05.

NIO Trading Down 3.3 %

The stock's fifty day moving average is $4.12 and its 200 day moving average is $4.46. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market cap of $8.43 billion, a P/E ratio of -2.68 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last released its 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 business 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 company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.81) EPS. As a group, equities research analysts predict that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Institutional investors have recently added to or reduced their stakes in the stock. KPP Advisory Services LLC acquired a new stake in NIO in the first quarter worth about $79,000. Sava Infond d.o.o. raised its stake in NIO by 100.0% in the 1st quarter. Sava Infond d.o.o. now owns 20,000 shares of the company's stock worth $76,000 after acquiring an additional 10,000 shares during the last quarter. Cobblestone Asset Management LLC purchased a new stake in NIO during the 1st quarter valued at about $319,000. FNY Investment Advisers LLC grew its holdings in NIO by 2.7% during the first quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company's stock worth $568,000 after acquiring an additional 3,870 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of NIO in the first quarter worth about $60,000. 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.