Nio Inc - (NYSE:NIO) Given Average Rating of "Hold" by Analysts

Shares of Nio Inc - (NYSE:NIO - Get Free Report) have been assigned an average rating of "Hold" from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.38.

A number of research analysts have recently commented on NIO shares. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $4.80 to $3.90 in a research note on Monday, November 25th.

NIO Price Performance

Shares of NIO stock traded up $0.08 on Wednesday, reaching $4.45. The company had a trading volume of 100,776,593 shares, compared to its average volume of 46,601,984. The stock has a market capitalization of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. NIO has a one year low of $3.61 and a one year high of $7.71. The business's 50-day moving average is $4.35 and its 200 day moving average is $4.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in NIO during the 3rd quarter valued at about $32,000. Blue Trust Inc. grew its holdings in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after buying an additional 4,332 shares in the last quarter. Sava Infond d.o.o. purchased a new position in NIO during the 4th quarter valued at about $44,000. Finally, Callan Family Office LLC bought a new stake in shares of NIO during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

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.