Shares of Nio Inc – (NYSE:NIO – Get Free Report) have received an average rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.93.
A number of brokerages have weighed in on NIO. Wolfe Research started coverage on NIO in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America raised their price target on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $5.30 to $8.00 in a report on Friday, September 6th. Finally, Citigroup reduced their target price on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th.
Check Out Our Latest Analysis on NIO
Hedge Funds Weigh In On NIO
NIO Trading Down 0.6 %
NYSE:NIO opened at $5.20 on Thursday. NIO has a 52 week low of $3.61 and a 52 week high of $9.57. The firm’s fifty day moving average is $5.24 and its 200-day moving average is $4.83. The firm has a market cap of $8.94 billion, a P/E ratio of -3.08 and a beta of 1.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11.
NIO (NYSE:NIO – Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The business’s quarterly revenue was up 98.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.51) earnings per share. Equities analysts expect that NIO will post -1.37 earnings per share for the current year.
About NIO
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.
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