Nio Inc – (NYSE:NIO) Receives $5.71 Average PT from Analysts

Shares of Nio Inc – (NYSE:NIO) have been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.71.

A number of equities research analysts recently commented on NIO shares. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in NIO in the third quarter valued at approximately $32,000. Trilogy Capital Inc. purchased a new position in NIO in the fourth quarter valued at approximately $45,000. U.S. Capital Wealth Advisors LLC purchased a new position in NIO in the fourth quarter valued at approximately $53,000. Finally, Telos Capital Management Inc. purchased a new position in NIO in the fourth quarter valued at approximately $59,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NYSE NIO opened at $4.23 on Friday. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of -2.80 and a beta of 1.70. NIO has a 52 week low of $3.61 and a 52 week high of $7.71. The company’s 50-day moving average price is $4.45 and its 200 day moving average price is $4.77. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

NIO Company Profile

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.