NIO Inc. (NIO) – What Are Analysts Thinking About This Stock?

Shares of NIO Inc. (NYSE:NIO) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.78.

Several research analysts have issued reports on the company. Freedom Broker lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Citigroup reiterated a “buy” rating on shares of NIO in a report on Tuesday, September 1st. The Goldman Sachs Group reissued a “buy” rating and set a $6.10 price target on shares of NIO in a research note on Friday, September 4th. Sanford C. Bernstein dropped their price objective on NIO from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on NIO from $4.50 to $3.70 and set a “neutral” rating for the company in a report on Monday, October 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NIO. Optas LLC lifted its stake in NIO by 111.9% in the third quarter. Optas LLC now owns 28,173 shares of the company’s stock worth $97,000 after acquiring an additional 14,879 shares during the period. Fisher Asset Management LLC increased its position in NIO by 26.0% during the 3rd quarter. Fisher Asset Management LLC now owns 226,026 shares of the company’s stock valued at $775,000 after purchasing an additional 46,680 shares during the period. Russell Investments Group Ltd. increased its position in NIO by 3.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 192,055 shares of the company’s stock valued at $658,000 after purchasing an additional 7,222 shares during the period. Lido Advisors LLC increased its position in NIO by 64.4% during the 3rd quarter. Lido Advisors LLC now owns 47,140 shares of the company’s stock valued at $162,000 after purchasing an additional 18,471 shares during the period. Finally, 180 Wealth Advisors LLC raised its holdings in shares of NIO by 4.4% in the 3rd quarter. 180 Wealth Advisors LLC now owns 81,171 shares of the company’s stock valued at $278,000 after purchasing an additional 3,387 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Trading Down 3.7%

Shares of NIO opened at $3.29 on Friday. NIO has a twelve month low of $3.10 and a twelve month high of $7.00. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.02 and a quick ratio of 0.89. The company’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $4.84.

NIO (NYSE:NIO) last released its quarterly earnings results on Saturday, August 15th. The company reported $0.00 EPS for the quarter. The firm had revenue of $4.73 billion during the quarter. NIO had a negative net margin of 3.95% and a negative return on equity of 111.37%. On average, equities research analysts expect that NIO will post -0.13 earnings per share for the current year.

NIO Company Profile

NIO Inc. is a China-based electric vehicle company founded in 2014. The company designs, develops, and sells premium smart electric vehicles, including sedans and sport utility vehicles, primarily under the NIO brand. Alongside its vehicles, NIO offers battery-swapping and charging services, vehicle software and connectivity features, and related ownership services. Its battery-as-a-service offering allows customers to separate battery use from vehicle purchase. NIO serves customers in China and selected European markets.