NIO (NYSE:NIO) Shares Down 1.3% – Should You Sell?

NIO Inc. (NYSE:NIO)’s share price fell 1.3% on Friday . The stock traded as low as $4.70 and last traded at $4.71. 56,305,959 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 43,457,277 shares. The stock had previously closed at $4.77.

Wall Street Analyst Weigh In

NIO has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Macquarie raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective for the company in a report on Thursday, January 15th. Barclays increased their target price on NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Friday, November 28th. Finally, Citigroup dropped their price target on NIO from $8.60 to $6.90 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, NIO presently has an average rating of “Hold” and an average target price of $6.83.

NIO Stock Down 1.3%

The firm has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $5.76. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $9.83 billion, a P/E ratio of -3.25 and a beta of 1.05.

Institutional Trading of NIO

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in NIO by 148.3% in the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after acquiring an additional 2,877 shares during the last quarter. Hedeker Wealth LLC acquired a new stake in shares of NIO in the 2nd quarter valued at approximately $43,000. Allworth Financial LP grew its holdings in shares of NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock valued at $50,000 after purchasing an additional 4,269 shares during the last quarter. Sandbox Financial Partners LLC bought a new stake in shares of NIO during the 4th quarter valued at approximately $51,000. Finally, Westfuller Advisors LLC acquired a new position in NIO during the 4th quarter worth approximately $60,000. 48.55% of the stock is currently owned by institutional investors.

About NIO

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.