<div id="readability-page-1"><p>NIO Inc. (NYSE:NIO - Get Free Report)'s share price dropped 3.3% during mid-day trading on Wednesday . The stock traded as low as $4.53 and last traded at $4.56. Approximately 17,496,290 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 50,411,211 shares. The stock had previously closed at $4.71.</p><h2>Analysts Set New Price Targets</h2><ul><li>This Fund Manager Says You Should Get Out of Tesla and Apple—Now</li></ul><p>NIO has been the subject of several research analyst reports. The Goldman Sachs Group raised NIO from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and increased their price objective for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Mizuho reduced their price objective on NIO from $4.00 to $3.50 and set a &#34;neutral&#34; rating for the company in a research note on Tuesday, June 3rd. Citigroup  reissued a &#34;buy&#34; rating on shares of NIO in a research note on Monday, April 28th. Morgan Stanley  reissued a &#34;buy&#34; rating on shares of NIO in a research note on Monday, July 14th. Finally, Barclays cut their price target on NIO from $4.00 to $3.00 and set an &#34;underweight&#34; rating for the company in a research note on Wednesday, June 4th. One research analyst  has 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's stock. According to data from MarketBeat, the stock  has an average rating of &#34;Hold&#34; and an average target price of $4.74.</p><p><b>Get Our Latest Analysis on NIO</b></p><h2>NIO Stock Performance</h2><ul><li>3 Growth Stocks Too Small for Institutions to Buy</li></ul><p>The firm has a market capitalization of $9.44 billion, a P/E ratio of -2.79 and a beta of 1.55. The company has a 50-day moving average of $3.83 and a 200-day moving average of $4.04. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. </p><p>NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The business's quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.39) earnings per share.  On average, equities analysts anticipate that  NIO Inc. will post -1.43 earnings per share for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><ul><li>Is NIO Stock Set for a Comeback? Fundamentals Say Yes</li></ul><p>A number of institutional investors have recently added to or reduced their stakes in NIO. Xponance Inc. bought a new stake in shares of  NIO in the first quarter worth about $39,000.  Blueshift Asset Management LLC purchased a new position in shares of  NIO during the first quarter valued at approximately $43,000.  Annex Advisory Services LLC purchased a new position in shares of  NIO during the first quarter valued at approximately $47,000.  May Hill Capital LLC bought a new stake in shares of  NIO during the first quarter valued at approximately $48,000.  Finally, Concurrent Investment Advisors LLC bought a new stake in shares of  NIO during the first quarter valued at approximately $50,000. Institutional investors own  48.55% of the company's stock. </p><h2>About NIO</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than NIO</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>Why Lyft’s Stock Volume Just Spiked—Is an EV Partnership Near?</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Global Value: 3 Stocks Under $10 Riding a Weak Dollar</li><li>What is Short Interest? How to Use It</li><li>3 Great Growth Stocks to Buy-and-Hold for the Next 10 Years</li></ul><p><em>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.</em></p><h2>Should You Invest $1,000 in NIO Right Now?</h2><p>Before you consider NIO, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIO wasn't on the list.</p><p>While NIO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>NIO Inc. (NYSE:NIO) shares fell 3.3% to $4.56 during mid-day trading, with a significant drop in trading volume. Analysts have mixed ratings on the stock, with Goldman Sachs upgrading it to "neutral" and raising the price target to $3.80, while Barclays cut its target to $3.00. The company reported a quarterly EPS of ($0.45), missing estimates, and a revenue of $1.66 billion. Institutional investors hold 48.55% of NIO's stock, which focuses on electric vehicle manufacturing in China.</p>

- NIO Inc.'s share price fell 3.3% to $4.56, with trading volume down 65% from average levels.  
- Analysts have mixed views, with Goldman Sachs upgrading to "neutral" and Barclays downgrading to "underweight," resulting in an average target price of $4.74.  
- The company reported a quarterly loss of $0.45 EPS, missing estimates, while revenue increased 21.5% year-over-year, indicating ongoing challenges despite some institutional interest.

NIO (NYSE:NIO) Shares Down 3.3% - Here's What Happened