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NIO's stock drops as Mizuho lowers its target, citing poor financials and a "Hold" rating.
NIO's stock fell 1.4% after Mizuho lowered its price target to $3.50, citing poor recent financials including a loss of $0.47 per share and lower revenue than expected.
The company's negative financial metrics and lower-than-average trading volume reflect ongoing challenges despite a planned focus on electric vehicle sales in China.
With a "Hold" consensus rating and significant institutional ownership, investors remain cautious but watchful for potential growth.
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Las acciones de NIO bajan a medida que Mizuho baja su objetivo, citando una pobre situación financiera y una calificación de "Sostener".