Nio Inc – (NYSE:NIO) Given Consensus Rating of “Hold” by Brokerages

Shares of Nio Inc – (NYSE:NIOGet Free Report) have received an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.71.

A number of research analysts have recently issued reports on NIO shares. Citigroup decreased their target price on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Wolfe Research initiated coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.80 to $3.90 in a report on Monday, November 25th. Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. Finally, Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $6.60 to $4.80 in a report on Wednesday, November 20th.

Read Our Latest Analysis on NIO

NIO Price Performance

Shares of NYSE:NIO opened at $4.62 on Friday. NIO has a twelve month low of $3.61 and a twelve month high of $9.57. The company’s 50 day moving average is $5.32 and its 200 day moving average is $4.85. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market cap of $7.93 billion, a PE ratio of -3.06 and a beta of 1.77.

NIO (NYSE:NIOGet Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, hitting analysts’ consensus estimates of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business’s revenue was up 98.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.51) EPS. On average, sell-side analysts forecast that NIO will post -1.39 EPS for the current year.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently made changes to their positions in NIO. Ridgewood Investments LLC purchased a new position in NIO during the second quarter worth about $25,000. Allspring Global Investments Holdings LLC acquired a new stake in NIO during the third quarter worth about $32,000. Baader Bank Aktiengesellschaft acquired a new stake in NIO during the second quarter worth about $53,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in NIO by 22.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in NIO during the second quarter worth about $63,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for NIO (NYSE:NIO)

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