NIO (NYSE:NIO) Trading Down 0.4%

Nio Inc – (NYSE:NIO)’s share price fell 0.4% during trading on Wednesday . The company traded as low as $5.14 and last traded at $5.23. 15,340,392 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 57,252,336 shares. The stock had previously closed at $5.25.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NIO shares. Sanford C. Bernstein lowered their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Macquarie assumed coverage on NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective for the company. Bank of America lowered their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, March 6th. UBS Group cut their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $4.80 to $5.40 in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.48.

NIO Trading Down 0.8 %

The firm has a market cap of $8.96 billion, a P/E ratio of -2.99 and a beta of 1.92. The business’s 50 day moving average is $4.83 and its 200-day moving average is $6.21. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $18.16 billion. During the same period in the previous year, the firm posted ($0.51) EPS. NIO’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts forecast that Nio Inc – will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Electron Capital Partners LLC acquired a new stake in shares of NIO during the 3rd quarter valued at approximately $37,918,000. Van ECK Associates Corp raised its holdings in shares of NIO by 9.8% during the fourth quarter. Van ECK Associates Corp now owns 536,774 shares of the company’s stock worth $4,869,000 after purchasing an additional 47,773 shares during the period. TORQ CAPITAL MANAGEMENT HK Ltd lifted its position in shares of NIO by 275.1% in the 3rd quarter. TORQ CAPITAL MANAGEMENT HK Ltd now owns 284,700 shares of the company’s stock worth $2,574,000 after buying an additional 208,800 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of NIO by 7.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 60,178 shares of the company’s stock valued at $546,000 after buying an additional 4,045 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of NIO during the 3rd quarter worth approximately $2,486,000. Institutional investors own 48.55% of the company’s stock.

About NIO

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.