NIO (NYSE:NIO) Shares Down 4.3% on Analyst Downgrade

Shares of NIO Inc. (NYSE:NIO) fell 4.3% during mid-day trading on Tuesday after Citigroup lowered their price target on the stock from $8.60 to $6.90. Citigroup currently has a buy rating on the stock. NIO traded as low as $5.38 and last traded at $5.5050. 87,919,925 shares were traded during trading, an increase of 48% from the average session volume of 59,593,195 shares. The stock had previously closed at $5.75.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $7.00 target price on shares of NIO in a report on Thursday, October 30th. UBS Group cut shares of NIO from a “buy” rating to a “neutral” rating in a report on Tuesday. Wall Street Zen raised NIO from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Macquarie set a $5.30 price objective on NIO in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.60.

Institutional Trading of NIO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after purchasing an additional 2,877 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of NIO during the 1st quarter worth $43,000. Hedeker Wealth LLC purchased a new position in shares of NIO in the 2nd quarter worth $43,000. SeaCrest Wealth Management LLC acquired a new position in NIO in the second quarter valued at $56,000. Finally, Brooklyn Investment Group grew its position in NIO by 4,297.2% during the first quarter. Brooklyn Investment Group now owns 15,434 shares of the company’s stock valued at $59,000 after acquiring an additional 15,083 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Down 1.1%

The company has a 50 day simple moving average of $6.87 and a 200 day simple moving average of $5.36. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of -3.75 and a beta of 1.46.

NIO (NYSE:NIO) last released its quarterly earnings data 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 return on equity of 1,477.97% and a negative net margin of 31.17%.The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $20.07 billion. During the same period in the previous year, the company earned ($2.21) EPS. NIO’s revenue was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. On average, research analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

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.