NIO (NYSE:NIO) Trading Down 2.1%

Nio Inc – (NYSE:NIO)’s stock price dropped 2.1% during trading on Wednesday . The company traded as low as $3.81 and last traded at $3.81. Approximately 8,066,620 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 52,089,910 shares. The stock had previously closed at $3.89.

Analyst Ratings Changes

NIO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $4.80 to $5.40 in a research report on Wednesday, May 15th. Citigroup cut their target price on shares of NIO from $10.40 to $8.50 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Bank of America lifted their target price on shares of NIO from $5.90 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.55.

NIO Stock Down 4.4 %

The company’s 50 day moving average price is $4.42 and its two-hundred day moving average price is $4.92. The firm has a market cap of $6.40 billion, a PE ratio of -2.25 and a beta of 1.86. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

NIO (NYSE:NIO) last released its earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.48 billion. On average, equities research analysts expect that Nio Inc – will post -1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. lifted its stake in NIO by 9.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock worth $182,000 after purchasing an additional 1,816 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in NIO by 2.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock worth $371,000 after purchasing an additional 2,000 shares in the last quarter. Fountainhead AM LLC lifted its stake in NIO by 20.0% in the 4th quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock worth $109,000 after purchasing an additional 2,012 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in NIO by 13.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock worth $75,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of NIO by 11.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,983 shares of the company’s stock worth $181,000 after buying an additional 2,092 shares during the last quarter. Hedge funds and other 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.