NIO Inc. (NYSE:NIO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of NIO Inc. (NYSE:NIO) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.80.

NIO has been the topic of several recent analyst reports. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Bank of America restated a “neutral” rating on shares of NIO in a report on Tuesday, March 10th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and boosted their target price for the company from $4.80 to $6.80 in a report on Friday, March 13th. Macquarie Infrastructure upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 target price on the stock in a report on Thursday, January 15th. Finally, Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price on the stock in a report on Wednesday, March 11th.

Hedge Funds Weigh In On NIO

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp lifted its holdings in NIO by 98.3% in the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after buying an additional 2,950 shares during the period. Farther Finance Advisors LLC increased its stake in NIO by 148.3% in the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after purchasing an additional 2,877 shares in the last quarter. Arax Advisory Partners increased its stake in NIO by 81.6% in the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after purchasing an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in NIO in the fourth quarter valued at $41,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in NIO in the first quarter valued at $41,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE:NIO opened at $6.23 on Monday. The firm has a market cap of $14.30 billion, a PE ratio of -6.42 and a beta of 0.99. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. NIO has a 52 week low of $3.34 and a 52 week high of $8.02. The firm’s fifty day moving average is $5.72 and its 200-day moving average is $5.62.

NIO (NYSE:NIO) last released its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $4.95 billion for the quarter. NIO had a negative net margin of 17.21% and a negative return on equity of 924.56%. Sell-side analysts predict that NIO will post -0.28 earnings per share for the current year.

About NIO

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.