---
title: "NIO (NYSE:NIO)  Shares Down 0.5%"
description: "NIO Inc. (NYSE:NIO) shares fell 0.5% midday on Tuesday, trading at $8.01 after reaching a low of $8.00. Trading volume was significantly lower at 7,204,724 shares, down 86% from the average. Analysts "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/212706657.md"
published_at: "2024-08-27T21:35:12.000Z"
---

# NIO (NYSE:NIO)  Shares Down 0.5%

> NIO Inc. (NYSE:NIO) shares fell 0.5% midday on Tuesday, trading at $8.01 after reaching a low of $8.00. Trading volume was significantly lower at 7,204,724 shares, down 86% from the average. Analysts showed mixed sentiments; JPMorgan upgraded NIO to 'neutral' with a target price of $9.40, while Bank of America also raised its target to $8.00, maintaining a neutral rating. The consensus rating is 'Hold' with a price target of $8.55. NIO's quarterly earnings reported an EPS of -$0.36, missing estimates. The company has a market cap of $15.88 billion.

Nio Inc - (NYSE:NIO - Get Free Report)'s share price fell 0.5% during mid-day trading on Tuesday . The company traded as low as $4.00 and last traded at $4.01. 7,204,724 shares were traded during mid-day trading, a decline of 86% from the average session volume of 50,845,637 shares. The stock had previously closed at $4.03.

## Analysts Set New Price Targets

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A number of research firms have recently commented on NIO. JPMorgan Chase & Co. raised shares of NIO from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $4.80 to $5.40 in a report on Wednesday, May 15th. Bank of America raised their target price on shares of NIO from $5.90 to $6.00 and gave the company a "neutral" rating in a research report on Friday, June 7th. Finally, Citigroup lowered their price target on shares of NIO from $10.40 to $8.50 and set a "buy" rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.55.

**Read Our Latest Stock Report on NIO**

## NIO Trading Down 0.7 %

-   3 Over-Hyped Stocks to Sell Now

The company has a market cap of $6.88 billion, a P/E ratio of -2.36 and a beta of 1.86. The company has a quick ratio of 1.03, a current ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm's 50 day moving average is $4.30 and its two-hundred day moving average is $4.81.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.48 billion. As a group, equities research analysts anticipate that Nio Inc - will post -1.41 EPS for the current year.

## Institutional Inflows and Outflows

-   This Solid-State Battery Stock Skyrockets on Landmark Deal

Several hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of NIO during the second quarter worth $25,000. Newbridge Financial Services Group Inc. lifted its holdings in NIO by 272.3% in the first quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company's stock valued at $42,000 after buying an additional 6,875 shares during the period. Principal Securities Inc. bought a new stake in NIO during the fourth quarter valued at $42,000. BSW Wealth Partners acquired a new stake in NIO during the 1st quarter worth about $46,000. Finally, Sound Income Strategies LLC raised its position in shares of NIO by 3,333.3% in the 1st quarter. Sound Income Strategies LLC now owns 10,300 shares of the company's stock worth $46,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 48.55% of the company's stock.

## About NIO

(Get Free Report)

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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
