Nio Inc - (NYSE:NIO) Receives Consensus Rating of "Hold" from Brokerages

Nio Inc - (NYSE:NIO - Get Free Report) has earned an average recommendation of "Hold" from the twelve brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $5.71.

Several analysts have recently issued reports on the stock. Macquarie cut shares of NIO from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Daiwa America upgraded NIO to a "strong-buy" rating in a report on Monday, September 30th. Wolfe Research initiated coverage on NIO in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, Citigroup cut their price objective on shares of NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th.

Institutional Investors Weigh In On NIO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC bought a new stake in NIO during the 2nd quarter valued at $25,000. Allspring Global Investments Holdings LLC bought a new stake in shares of NIO in the third quarter valued at about $32,000. Baader Bank Aktiengesellschaft purchased a new stake in NIO in the second quarter worth about $53,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in NIO by 22.0% during the 2nd 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 in the last quarter. Finally, Caprock Group LLC purchased a new position in NIO during the 2nd quarter valued at about $63,000. Institutional investors own 48.55% of the company's stock.

NIO Price Performance

NIO stock remained flat at $4.62 during midday trading on Friday. The company had a trading volume of 43,814,738 shares, compared to its average volume of 56,832,633. The company has a market cap of $7.93 billion, a PE ratio of -3.06 and a beta of 1.77. The business's 50 day moving average price is $5.28 and its two-hundred day moving average price 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. NIO has a 52 week low of $3.61 and a 52 week high of $9.57.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts' consensus estimates of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company's quarterly revenue was up 98.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.51) EPS. On average, equities analysts predict that NIO will post -1.39 EPS for the current fiscal year.

NIO Company Profile

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.