NIO (NYSE:NIO) Shares Down 1.4% – What’s Next?

Nio Inc – (NYSE:NIO) was down 1.4% during trading on Tuesday . The company traded as low as $3.96 and last traded at $3.99. Approximately 9,392,578 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 53,753,173 shares. The stock had previously closed at $4.04.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NIO. Cfra Research upgraded shares of NIO to a “hold” rating in a research report on Friday, March 21st. Mizuho decreased their price target on NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of NIO in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NIO currently has a consensus rating of “Hold” and a consensus price target of $5.05.

NIO Stock Down 1.1%

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market cap of $8.34 billion, a P/E ratio of -2.64 and a beta of 1.73. The business has a 50-day moving average price of $3.97 and a 200-day moving average price of $4.31.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NIO. PDS Planning Inc increased its stake in shares of NIO by 13.0% during the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock worth $99,000 after purchasing an additional 2,627 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of NIO by 25.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company’s stock worth $59,000 after acquiring an additional 2,712 shares during the last quarter. Franklin Resources Inc. boosted its holdings in NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock valued at $72,000 after purchasing an additional 2,788 shares during the last quarter. Perigon Wealth Management LLC raised its position in NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after purchasing an additional 2,867 shares during the period. Finally, Tempus Wealth Planning LLC increased its position in shares of NIO by 7.4% during the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company’s stock worth $163,000 after purchasing an additional 2,943 shares during the last quarter. 48.55% of the stock is owned by institutional investors.

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.