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

NIO Inc. (NYSE:NIO) has received a consensus rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.98.

Several research analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $6.10 price target on shares of NIO in a research report on Friday, September 4th. Royal Bank Of Canada downgraded NIO to a “sector perform” rating in a research report on Thursday, September 3rd. Zacks Research lowered NIO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $4.50 in a report on Wednesday, September 2nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research report on Wednesday, July 29th.

NIO Price Performance

NIO stock opened at $3.67 on Thursday. NIO has a 12-month low of $3.55 and a 12-month high of $8.02. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 2.11. The firm has a 50-day moving average price of $4.37 and a 200-day moving average price of $5.21. The firm has a market capitalization of $9.11 billion, a PE ratio of -13.59 and a beta of 0.92.

NIO (NYSE:NIO) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.00 EPS for the quarter. The company had revenue of $4.73 billion for the quarter. NIO had a negative return on equity of 111.37% and a negative net margin of 3.95%. As a group, equities research analysts forecast that NIO will post -0.13 EPS for the current year.

Institutional Trading of NIO

A number of institutional investors have recently bought and sold shares of the stock. Persistent Asset Partners Ltd acquired a new stake in NIO during the 2nd quarter worth about $34,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of NIO in the 1st quarter valued at about $41,000. Global Retirement Partners LLC acquired a new position in shares of NIO in the 2nd quarter valued at about $34,000. Wellington Altus USA Inc. purchased a new stake in shares of NIO in the second quarter worth about $35,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of NIO by 120.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock worth $48,000 after buying an additional 4,383 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Company Profile

NIO Inc is a Chinese smart electric vehicle company founded in 2014 and headquartered in Shanghai. The company designs, develops and sells battery-powered passenger vehicles, with a focus on combining electric mobility with digital connectivity, autonomous-driving capabilities and premium user services.

NIO’s vehicle lineup has included electric SUVs, sedans and station wagons marketed under the NIO brand. Its services include battery charging and swapping, mobile charging, battery upgrades, vehicle financing and maintenance support.