NIO (NYSE:NIO) Trading Down 0.2% – Should You Sell?

Nio Inc – (NYSE:NIO)’s stock price dropped 0.2% during trading on Thursday . The company traded as low as $4.50 and last traded at $4.64. Approximately 16,444,057 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 56,677,988 shares. The stock had previously closed at $4.65.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of research analyst reports. Bank of America boosted their target price on NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Daiwa America upgraded NIO to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup decreased their price objective on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $6.60 to $4.80 in a research report on Wednesday. Finally, Wolfe Research started coverage on NIO in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.91.

NIO Price Performance

The stock has a 50-day moving average price of $5.52 and a two-hundred day moving average price of $4.91. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of -3.05 and a beta of 1.91. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The company’s revenue was up 98.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. As a group, equities research analysts forecast that Nio Inc – will post -1.38 EPS for the current year.

Institutional Trading of NIO

Large investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its holdings in NIO by 28.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock worth $10,950,000 after buying an additional 535,400 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of NIO by 13.9% in the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock worth $75,000 after buying an additional 2,038 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in NIO during the first quarter worth about $185,000. B. Riley Wealth Advisors Inc. lifted its holdings in NIO by 29.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 40,876 shares of the company’s stock valued at $184,000 after acquiring an additional 9,375 shares during the period. Finally, California State Teachers Retirement System boosted its position in NIO by 12.4% in the 1st quarter. California State Teachers Retirement System now owns 424,836 shares of the company’s stock worth $1,912,000 after purchasing an additional 46,987 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.