NIO (NYSE:NIO) shares continued seven straight days of losses as the stock closed 0.54% lower, at $3.67 on Wednesday.
The Chinese electric vehicles company lost more than 8.6% in the last six trading sessions. The stock lost over 13% in the last one month.
NIO declined nearly 15% so far this year, compared to a 0.68% gain in the broader benchmark index.
Earlier in May, Nio (NYSE:NIO) said it delivered 23,900 vehicles in April, representing an increase of 53% year-over-year, it said on Thursday.
Looking at Seeking Alpha’s Quant Rating, NIO has a Hold rating with a score of 2.83 out of 5. The company received B+ in the growth factor, while the score was dragged down by a C- in momentum and an F in the profitability factor.
However, Seeking Alpha analysts are also bullish and rated the stock as a Buy.
“NIO remains a compelling value Buy,” said Seeking Alpha analyst Juxtaposed Ideas, arguing that, “Our optimism arises from the growing sales of its well diversified EV platforms across the budget/ mass-market/ premium segments and its battery swap strategy.”
Turning to the Wall Street community, 14 out of 27 analysts gave NIO a Buy and above, and 11 analysts gave a Hold rating, while two analysts gave a Sell rating.