Nio Inc - (NYSE:NIO) Receives Consensus Recommendation of "Hold" from Analysts

Nio Inc - (NYSE:NIO - Get Free Report) has earned an average rating of "Hold" from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.71.

Several brokerages have recently weighed in on NIO. Daiwa America upgraded shares of NIO to a "strong-buy" rating in a research report on Monday, September 30th. Macquarie downgraded shares of 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 research note on Wednesday, November 20th. The Goldman Sachs Group cut NIO from a "neutral" rating to a "sell" rating and cut their target price for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, HSBC lowered NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in NIO by 8.4% in the second quarter. American Century Companies Inc. now owns 434,248 shares of the company's stock valued at $1,806,000 after acquiring an additional 33,788 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of NIO in the second quarter valued at about $1,076,000. Vanguard Personalized Indexing Management LLC boosted its holdings in NIO by 65.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,906 shares of the company's stock worth $161,000 after buying an additional 15,441 shares in the last quarter. AE Wealth Management LLC purchased a new stake in NIO during the second quarter worth about $75,000. Finally, Sei Investments Co. grew its position in NIO by 4.0% during the second quarter. Sei Investments Co. now owns 195,894 shares of the company's stock worth $815,000 after buying an additional 7,600 shares during the period. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Up 1.2 %

Shares of NYSE NIO traded up $0.05 during midday trading on Friday, hitting $4.32. 32,653,306 shares of the company's stock were exchanged, compared to its average volume of 42,335,984. The firm's fifty day simple moving average is $4.47 and its 200-day simple moving average is $4.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market cap of $7.36 billion, a PE ratio of -2.86 and a beta of 1.70. NIO has a twelve month low of $3.61 and a twelve month high of $7.71.

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.