Brokerages Set Nio Inc - (NYSE:NIO) Price Target at $5.17

Shares of Nio Inc - (NYSE:NIO - Get Free Report) have received a consensus recommendation of "Hold" from the eleven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.05.

Several brokerages have recently commented on NIO. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Mizuho decreased their price target on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday. Finally, Cfra Research raised NIO to a "hold" rating in a research report on Friday, March 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after purchasing an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after purchasing an additional 4,332 shares during the period. Callan Family Office LLC bought a new stake in shares of NIO in the fourth quarter valued at approximately $44,000. Sava Infond d.o.o. bought a new position in NIO in the 4th quarter worth approximately $44,000. Finally, Trilogy Capital Inc. purchased a new position in NIO in the 4th quarter valued at approximately $45,000. Institutional investors own 48.55% of the company's stock.

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NIO Stock Up 6.6 %

NYSE NIO traded up $0.22 during trading hours on Thursday, hitting $3.50. The company's stock had a trading volume of 56,320,918 shares, compared to its average volume of 56,438,582. 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's 50-day simple moving average is $4.23 and its two-hundred day simple moving average is $4.67. The company has a market capitalization of $7.30 billion, a PE ratio of -2.32 and a beta of 1.74. NIO has a 52 week low of $3.02 and a 52 week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the prior year, the business earned ($2.81) EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts anticipate that NIO will post -1.43 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.