NIO (NYSE:NIO) Shares Down 2.1% – Should You Sell?

NIO Inc. (NYSE:NIO) shares traded down 2.1% during trading on Wednesday . The company traded as low as $5.82 and last traded at $5.8350. 26,459,758 shares were traded during trading, a decline of 43% from the average session volume of 46,708,563 shares. The stock had previously closed at $5.96.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Citigroup lowered their price target on shares of NIO from $8.60 to $6.90 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Barclays increased their price objective on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Friday, November 28th. Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and upped their target price for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, NIO currently has an average rating of “Hold” and a consensus price target of $6.80.

NIO Stock Down 2.1%

The company has a market cap of $13.41 billion, a price-to-earnings ratio of -6.02 and a beta of 1.11. The stock has a 50-day simple moving average of $4.92 and a 200-day simple moving average of $5.77. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08.

Institutional Investors Weigh In On NIO

Several institutional investors have recently bought and sold shares of the stock. Gladstone Institutional Advisory LLC increased its stake in NIO by 12.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares during the period. MGO One Seven LLC lifted its stake in shares of NIO by 10.6% in the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock worth $124,000 after acquiring an additional 1,560 shares during the period. Insigneo Advisory Services LLC boosted its holdings in shares of NIO by 4.4% in the third quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after acquiring an additional 1,806 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of NIO by 0.9% in the second quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after acquiring an additional 2,433 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of NIO by 11.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company’s stock valued at $127,000 after acquiring an additional 2,586 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.