NIO (NYSE:NIO) Shares Down 1.2% – Should You Sell?

NIO Inc. (NYSE:NIO)’s stock price traded down 1.2% during trading on Monday . The stock traded as low as $6.02 and last traded at $6.0850. 52,938,326 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 59,533,074 shares. The stock had previously closed at $6.16.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of recent research reports. 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. Citigroup upped their price target on NIO from $8.10 to $8.60 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Mizuho lifted their price objective on NIO from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, NIO presently has an average rating of “Hold” and a consensus target price of $6.75.

NIO Stock Down 3.4%

The firm’s fifty day moving average price is $6.98 and its 200 day moving average price is $5.30. The stock has a market cap of $12.05 billion, a PE ratio of -3.61 and a beta of 1.46.

NIO (NYSE:NIO) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $20.07 billion. NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC boosted its stake in shares of NIO by 12.8% in the third quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the last quarter. MGO One Seven LLC raised its position in NIO by 10.6% during the third quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock valued at $124,000 after acquiring an additional 1,560 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in NIO by 4.4% in the third quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after acquiring an additional 1,806 shares during the period. Tidal Investments LLC boosted its position in NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock worth $985,000 after purchasing an additional 2,433 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in NIO by 148.3% in the 3rd 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 in the last quarter. 48.55% of the stock is owned by institutional investors.

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.