NIO Inc. (NYSE:NIO) Receives $6.80 Consensus Target Price from Brokerages

Shares of NIO Inc. (NYSE:NIOGet Free Report) have received an average rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.77.

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Bank of America reaffirmed a “neutral” rating and set a $6.80 price target on shares of NIO in a research report on Thursday. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target for the company in a research report on Wednesday, March 11th. HSBC raised NIO from a “hold” rating to a “buy” rating and increased their price target for the company from $4.80 to $6.80 in a research report on Friday, March 13th. Finally, Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th.

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Institutional Trading of NIO

A number of institutional investors and hedge funds have recently modified their holdings of NIO. Aspex Management HK Ltd purchased a new stake in shares of NIO during the third quarter valued at approximately $266,700,000. WT Asset Management Ltd purchased a new stake in NIO in the third quarter worth $142,120,000. Ghisallo Capital Management LLC purchased a new stake in NIO in the third quarter worth $91,440,000. Voloridge Investment Management LLC purchased a new stake in NIO in the third quarter worth $89,952,000. Finally, Quadrature Capital Ltd purchased a new stake in NIO in the third quarter worth $58,308,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Up 0.3%

NIO stock opened at $5.61 on Friday. NIO has a twelve month low of $3.34 and a twelve month high of $8.02. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock’s 50 day moving average is $6.08 and its 200-day moving average is $5.50. The firm has a market capitalization of $12.88 billion, a PE ratio of -5.78 and a beta of 0.97.

NIO (NYSE:NIOGet Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%.The company had revenue of $4.95 billion for the quarter. Sell-side analysts expect that NIO will post -0.22 EPS for the current fiscal year.

About NIO

(Get Free Report)

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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