Nio Inc – (NYSE:NIO) Receives $6.11 Consensus PT from Brokerages

Shares of Nio Inc – (NYSE:NIO) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.11.

NIO has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research started coverage on shares of NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. Citigroup decreased their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $5.30 to $8.00 in a research note on Friday, September 6th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ridgewood Investments LLC purchased a new position in NIO in the second quarter valued at about $25,000. Allspring Global Investments Holdings LLC purchased a new position in shares of NIO in the 3rd quarter worth approximately $32,000. Baader Bank Aktiengesellschaft bought a new position in shares of NIO during the 2nd quarter worth approximately $53,000. Harel Insurance Investments & Financial Services Ltd. lifted its position 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 valued at $61,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in NIO in the second quarter valued at approximately $63,000. 48.55% of the stock is owned by institutional investors.

NIO Trading Up 1.5 %

Shares of NIO opened at $4.50 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $9.57. The stock has a market capitalization of $7.73 billion, a PE ratio of -2.96 and a beta of 1.91. The company’s fifty day moving average is $5.57 and its 200 day moving average is $4.93.

NIO (NYSE:NIO) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The business had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the previous year, the business posted ($0.51) earnings per share. The business’s revenue was up 98.9% compared to the same quarter last year. Sell-side analysts expect that NIO will post -1.37 earnings per share for the current fiscal year.

About NIO

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.