NIO (NYSE:NIO) Shares Down 3.4% – Time to Sell?

Shares of NIO Inc. (NYSE:NIO) dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $5.73 and last traded at $5.7750. Approximately 44,001,808 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 59,461,727 shares. The stock had previously closed at $5.98.

Analyst Ratings Changes

Several research firms recently commented on NIO. Mizuho boosted their price target on NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. UBS Group raised NIO from a “neutral” rating to a “buy” rating and upped their target price for the company from $6.20 to $8.50 in a research report on Tuesday, September 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Bank of America increased their target price on shares of NIO from $5.00 to $7.10 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of NIO from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.75.

NIO Price Performance

The firm has a market cap of $12.05 billion, a PE ratio of -3.61 and a beta of 1.46. The business has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $5.30.

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 the consensus estimate of ($0.30) by ($0.02). NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter in the prior year, the firm earned ($2.21) earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. NIO has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in NIO by 3,282.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 42,925 shares of the company’s stock worth $327,000 after buying an additional 41,656 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of NIO during the third quarter valued at $431,000. CANADA LIFE ASSURANCE Co boosted its stake in NIO by 13.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 1,066,223 shares of the company’s stock valued at $7,675,000 after acquiring an additional 129,487 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of NIO during the 3rd quarter valued at $155,000. Finally, XTX Topco Ltd acquired a new position in shares of NIO in the 3rd quarter valued at $1,456,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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.