NIO (NYSE:NIO) Trading Down 5.7% – Should You Sell?

Shares of Nio Inc – (NYSE:NIO) dropped 5.7% during mid-day trading on Thursday . The company traded as low as $3.88 and last traded at $3.98. Approximately 89,867,073 shares changed hands during trading, an increase of 62% from the average daily volume of 55,327,025 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NIO shares. Citigroup reduced their price target on shares of NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Mizuho reduced their price objective on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research note on Monday. Finally, Cfra Research upgraded NIO to a “hold” rating in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.00.

NIO Trading Down 5.0 %

The company has a fifty day moving average of $4.44 and a two-hundred day moving average of $4.86. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of -2.66 and a beta of 1.81. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO) last announced its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the business posted ($2.81) EPS. NIO’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts expect that Nio Inc – will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NIO. Blue Trust Inc. raised its holdings in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp raised its stake in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after acquiring an additional 4,332 shares in the last quarter. Sava Infond d.o.o. bought a new position in shares of NIO during the fourth quarter valued at $44,000. Callan Family Office LLC acquired a new stake in shares of NIO in the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO in the 4th quarter worth about $45,000. 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.