NIO (NYSE:NIO) Trading Down 0.2% – Should You Sell?

Nio Inc – (NYSE:NIO)’s stock price dropped 0.2% on Tuesday . The stock traded as low as $4.05 and last traded at $4.05. Approximately 15,878,946 shares changed hands during trading, a decline of 64% from the average daily volume of 44,439,906 shares. The stock had previously closed at $4.06.

Analyst Upgrades and Downgrades

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

NIO Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market cap of $7.03 billion, a P/E ratio of -2.71 and a beta of 1.70. The firm’s 50-day moving average price is $4.60 and its 200 day moving average price is $4.80.

Institutional Trading of NIO

A number of institutional investors and hedge funds have recently modified their holdings of NIO. Allspring Global Investments Holdings LLC bought a new stake in shares of NIO during the 3rd quarter valued at about $32,000. AE Wealth Management LLC bought a new position in shares of NIO during the second quarter valued at approximately $75,000. First Trust Direct Indexing L.P. bought a new position in shares of NIO during the third quarter valued at approximately $76,000. Apollon Wealth Management LLC acquired a new stake in shares of NIO during the 3rd quarter worth approximately $78,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of NIO in the 3rd quarter worth approximately $92,000. 48.55% of the stock is owned by institutional investors and hedge funds.

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.