NIO (NYSE:NIO) Hits New 12-Month Low at $4.78

Shares of Nio Inc – (NYSE:NIO) reached a new 52-week low on Tuesday . The company traded as low as $4.78 and last traded at $4.81, with a volume of 11946631 shares traded. The stock had previously closed at $4.91.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NIO shares. The Goldman Sachs Group started coverage on NIO in a report on Wednesday, January 3rd. They issued a “neutral” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, March 6th. Sanford C. Bernstein reduced their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Bank of America dropped their target price on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Finally, UBS Group dropped their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.83.

NIO Trading Down 2.2 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a 50 day moving average price of $5.72 and a 200-day moving average price of $7.28.

NIO (NYSE:NIO) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.51) earnings per share. Research analysts anticipate that Nio Inc – will post -1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

A number of hedge funds and other institutional investors have recently bought and sold shares of NIO. Bfsg LLC acquired a new position in NIO during the 4th quarter worth approximately $33,000. Point72 Asset Management L.P. purchased a new position in shares of NIO in the 4th quarter worth about $33,000. Rakuten Securities Inc. bought a new stake in shares of NIO in the 4th quarter valued at about $38,000. Principal Securities Inc. purchased a new stake in shares of NIO during the fourth quarter worth about $42,000. Finally, Peoples Bank KS purchased a new stake in NIO in the third quarter worth about $46,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.