NIO (NYSE:NIO) Shares Down 4.3% – What’s Next?

NIO Inc. (NYSE:NIO)’s stock price fell 4.3% during mid-day trading on Friday . The stock traded as low as $6.68 and last traded at $6.8550. 65,546,572 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 59,670,500 shares. The stock had previously closed at $7.16.

Analyst Ratings Changes

A number of equities research analysts have commented on NIO shares. Mizuho raised their target price on NIO from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Morgan Stanley reiterated a “buy” rating on shares of NIO in a report on Monday, July 14th. Wall Street Zen upgraded shares of NIO from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $7.00 price objective on shares of NIO in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and increased their target price for the company from $4.80 to $8.00 in a report on Tuesday, August 26th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, NIO has an average rating of “Hold” and an average target price of $6.75.

NIO Stock Performance

The stock has a market capitalization of $14.31 billion, a PE ratio of -4.28 and a beta of 1.46. The company’s fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $5.18.

NIO (NYSE:NIO) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $20.07 billion. During the same period last year, the company earned ($2.21) EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

Several hedge funds have recently bought and sold shares of NIO. Concurrent Investment Advisors LLC acquired a new position in shares of NIO in the first quarter worth $50,000. U.S. Capital Wealth Advisors LLC increased its position in NIO by 57.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 19,078 shares of the company’s stock worth $73,000 after purchasing an additional 6,990 shares in the last quarter. Cerity Partners LLC raised its stake in NIO by 38.0% in the 1st quarter. Cerity Partners LLC now owns 18,999 shares of the company’s stock valued at $72,000 after purchasing an additional 5,234 shares during the last quarter. Xponance Inc. purchased a new position in NIO in the 1st quarter valued at about $39,000. Finally, Apollon Wealth Management LLC lifted its holdings in NIO by 91.9% in the 1st quarter. Apollon Wealth Management LLC now owns 21,446 shares of the company’s stock valued at $82,000 after purchasing an additional 10,270 shares in the last quarter. Hedge funds and other 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.