NIO (NYSE:NIO) Shares Down 2% – What’s Next?

NIO Inc. (NYSE:NIO)’s share price fell 2% on Thursday . The company traded as low as $4.94 and last traded at $4.97. 39,389,863 shares were traded during trading, a decline of 17% from the average session volume of 47,584,547 shares. The stock had previously closed at $5.07.

Analyst Ratings Changes

Several research firms have commented on NIO. UBS Group lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Barclays upped their target price on shares of NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Friday, November 28th. Citigroup lowered their price target on shares of NIO from $8.60 to $6.90 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Macquarie Infrastructure raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target for the company in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.83.

NIO Trading Down 2.0%

The company has a market cap of $10.37 billion, a P/E ratio of -3.43 and a beta of 1.10. The business has a fifty day simple moving average of $4.87 and a 200 day simple moving average of $5.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock valued at $20,255,000 after buying an additional 5,185,565 shares during the period. Redwood Wealth Management Group LLC grew its stake in NIO by 4.9% during the 2nd quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company’s stock worth $237,000 after buying an additional 3,215 shares during the last quarter. Bank of Montreal Can increased its position in NIO by 5.9% in the second quarter. Bank of Montreal Can now owns 256,916 shares of the company’s stock worth $881,000 after buying an additional 14,231 shares during the period. Axim Planning & Wealth increased its position in NIO by 46.3% in the second quarter. Axim Planning & Wealth now owns 83,349 shares of the company’s stock worth $286,000 after buying an additional 26,383 shares during the period. Finally, Savant Capital LLC bought a new stake in NIO in the second quarter valued at $75,000. 48.55% of the stock is currently 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.