NIO (NYSE:NIO) Trading Down 4% – What’s Next?

Nio Inc – (NYSE:NIO) shares traded down 4% on Tuesday . The stock traded as low as $4.17 and last traded at $4.19. 15,625,255 shares were traded during trading, a decline of 62% from the average session volume of 41,564,273 shares. The stock had previously closed at $4.36.

Analyst Upgrades and Downgrades

NIO has been the subject of a number of research analyst reports. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. HSBC cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and cut their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.71.

NIO Trading Down 4.0 %

The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $7.50 billion, a PE ratio of -2.77 and a beta of 1.70. The stock’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.79.

Hedge Funds Weigh In On NIO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC raised its position in shares of NIO by 11.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock valued at $160,000 after buying an additional 2,482 shares during the period. Atomi Financial Group Inc. boosted its holdings in NIO by 15.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock valued at $129,000 after acquiring an additional 2,588 shares during the period. PFG Investments LLC grew its holdings in shares of NIO by 6.6% in the third quarter. PFG Investments LLC now owns 61,677 shares of the company’s stock valued at $412,000 after purchasing an additional 3,825 shares in the last quarter. MCF Advisors LLC raised its stake in shares of NIO by 4.2% in the fourth quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock valued at $485,000 after acquiring an additional 4,479 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in NIO in the 3rd quarter valued at about $32,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Company Profile

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.