NIO (NYSE:NIO) Shares Down 4.1% – What’s Next?

NIO Inc. (NYSE:NIO) fell 4.1% during mid-day trading on Thursday . The stock traded as low as $5.54 and last traded at $5.5450. 36,104,390 shares were traded during mid-day trading, a decline of 21% from the average session volume of 45,688,645 shares. The stock had previously closed at $5.78.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NIO shares. Barclays raised their price target on shares of NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Friday, November 28th. Macquarie Infrastructure raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective for the company in a research report on Thursday, January 15th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and increased their price objective for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.80.

NIO Trading Down 4.4%

The firm has a 50-day moving average price of $5.08 and a 200-day moving average price of $5.74. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $12.21 billion, a PE ratio of -5.48 and a beta of 1.11.

Hedge Funds Weigh In On NIO

Several hedge funds and other institutional investors have recently modified their holdings of NIO. Gladstone Institutional Advisory LLC boosted its holdings in shares of NIO by 12.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock worth $101,000 after purchasing an additional 1,500 shares during the period. MGO One Seven LLC increased its holdings in NIO by 10.6% during the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock valued at $124,000 after purchasing an additional 1,560 shares during the period. Insigneo Advisory Services LLC raised its position in NIO by 4.4% during the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after purchasing an additional 1,806 shares during the last quarter. Tidal Investments LLC raised its position in NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after purchasing an additional 2,433 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in NIO by 11.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company’s stock worth $127,000 after buying an additional 2,586 shares during the period. 48.55% of the stock is owned by institutional investors.

NIO Company Profile

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.