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

NIO Inc. (NYSE:NIO) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.70.

NIO has been the subject of a number of recent research reports. Bank of America reissued a “neutral” rating and issued a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. HSBC upgraded NIO from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.80 to $6.80 in a research report on Friday, March 13th. 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. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 price target on shares of NIO in a report on Friday, May 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st.

Institutional Trading of NIO

Several large investors have recently modified their holdings of NIO. Atlantic Union Bankshares Corp increased its holdings in NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after purchasing an additional 2,950 shares during the period. Allworth Financial LP lifted its holdings in NIO by 183.5% in the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares during the period. Merkkuri Wealth Advisors LLC purchased a new stake in NIO in the 1st quarter worth approximately $41,000. Arax Advisory Partners grew its position in shares of NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after buying an additional 3,487 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of NIO by 120.7% during the first quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after buying an additional 4,383 shares during the period. 48.55% of the stock is owned by institutional investors.

NIO Price Performance

NIO stock opened at $4.79 on Friday. The firm has a market cap of $11.90 billion, a P/E ratio of -8.71 and a beta of 0.90. The firm’s fifty day moving average is $5.55 and its 200 day moving average is $5.38. NIO has a 52 week low of $3.38 and a 52 week high of $8.02. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01.

NIO (NYSE:NIO) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. The business had revenue of $4.95 billion during the quarter. Research analysts predict that NIO will post -0.13 earnings per share for the current year.

NIO Company Profile

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.