NIO (NYSE:NIO) shares are down during Monday’s premarket session. On Sunday, the company reported strong increase in Februray 2026 deliveries.
The stock’s decline comes as the broader market experienced a sell-off, with major indices like the S&P 500 and Nasdaq both closing lower on the previous trading day.
The U.S. market is dropping because tensions in the Middle East have surged over the weekend after renewed military action and retaliation involving the United States, Israel, and Iran.
Details
NIO reported that it delivered 20,797 vehicles in February 2026, marking a significant increase of 57.6% year-over-year (Y/Y).
Of the total, 15,159 units were from its premium smart EV brand NIO, 2,981 units came from its family-focused brand ONVO, and 2,657 units were delivered under its compact high-end EV brand FIREFLY.
As of February 28, 2026, cumulative deliveries surpassed 1.04 million vehicles, reaching 1,045,571 units. Year-to-date in 2026, the company delivered 47,979 vehicles, up 77.3% Y/Y.
The company also reached a notable milestone of completing 100 million cumulative battery swaps, highlighting the growing acceptance of its battery swapping model.
Daily battery swap volumes peaked during the Chinese New Year holiday, reflecting strong user reliance on NIO’s services.
Technical Analysis
The broader market experienced a sell-off on the previous trading day, with the Dow Jones falling 1.13% and the S&P 500 declining by 1.05%. This broader market weakness may be contributing to NIO’s stock performance, as the electric vehicle sector faced challenges amid declining investor sentiment.
Currently, NIO is trading 4.5% below its 20-day simple moving average (SMA) and 8.2% below its 100-day SMA, indicating a bearish trend in the short to medium term. Over the past 12 months, shares have decreased by 39.5% and are positioned closer to their 52-week lows than highs.
The RSI is at 50.00, which is considered neutral territory, suggesting no immediate overbought or oversold conditions. Meanwhile, MACD is at -0.10, below its signal line at -0.05, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum for NIO.
- Key Resistance: $5.00
- Key Support: $4.50
Earnings & Analyst Outlook
The countdown is on: NIO is set to report earnings on March 10, 2026.
- EPS Estimate: Loss of 7 cents (Up from Loss of 43 cents)
- Revenue Estimate: $4.61 Billion (Up from $2.70 Billion)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $7.36. Recent analyst moves include:
- Freedom Capital Markets: Upgraded to Buy (Raises Target to $7.00) (Nov. 28, 2025)
- Barclays: Underweight (Raises Target to $4.00) (Nov. 28, 2025)
- Citigroup: Buy (Lowers Target to $6.90) (Nov. 26, 2025)
NIO Price Action: Nio shares were down 1.03% at $4.82 during premarket trading on Monday, according to Benzinga Pro data.
Photo by Robert Way via Shutterstock
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