NIO (NYSE:NIO) Shares Down 3.5% – Here’s What Happened

Shares of NIO Inc. (NYSE:NIO) fell 3.5% on Monday . The stock traded as low as $5.83 and last traded at $5.8850. 30,653,316 shares were traded during mid-day trading, a decline of 27% from the average session volume of 41,739,359 shares. The stock had previously closed at $6.10.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NIO. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price on the stock in a report on Wednesday, March 11th. Bank of America reissued a “neutral” rating on shares of NIO in a report on Tuesday, March 10th. Finally, HSBC raised NIO from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.80 to $6.80 in a report on Friday, March 13th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.80.

NIO Stock Down 3.5%

The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of -6.07 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08. The firm has a fifty day moving average price of $6.03 and a 200 day moving average price of $5.54.

NIO (NYSE:NIO) last announced its earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The business had revenue of $4.95 billion for the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%. Sell-side analysts anticipate that NIO Inc. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MGO One Seven LLC lifted its holdings in NIO by 10.6% during the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock worth $124,000 after buying an additional 1,560 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in NIO by 4.4% during the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock worth $328,000 after buying an additional 1,806 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in NIO by 17.4% during the 1st quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company’s stock worth $83,000 after buying an additional 2,027 shares in the last quarter. Tidal Investments LLC lifted its holdings in NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock worth $985,000 after buying an additional 2,433 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in NIO by 11.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company’s stock worth $127,000 after buying an additional 2,586 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.