Nio Inc – (NYSE:NIO) Receives Average Rating of “Hold” from Analysts

Shares of Nio Inc – (NYSE:NIO) have been assigned an average recommendation of “Hold” from the eleven brokerages that are presently 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 issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.05.

Several brokerages recently issued reports on NIO. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Mizuho reduced 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, April 10th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Citigroup reduced their target price on shares of NIO from $8.90 to $8.10 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th.

NIO Stock Up 2.6 %

Shares of NYSE:NIO opened at $3.61 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $4.22 and its 200 day moving average is $4.65. The stock has a market cap of $7.53 billion, a P/E ratio of -2.39 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) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the prior year, the business posted ($2.81) EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts predict that NIO will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NIO. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares during the period. Callan Family Office LLC purchased a new position in NIO during the 4th quarter worth approximately $44,000. Sava Infond d.o.o. acquired a new stake in NIO during the 4th quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of NIO in the 4th quarter valued at $45,000. Institutional investors and hedge funds 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.