NIO (NIO) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for NIO (NYSE: NIO):

• 9/6/2024 – NIO was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $8.00 price target on the stock, up previously from $5.30.
• 9/5/2024 – NIO is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 9/5/2024 – NIO had its price target raised by analysts at Bank of America Co. from $5.00 to $5.30. They now have a “neutral” rating on the stock.
• 9/4/2024 – NIO had its price target lowered by analysts at Citigroup Inc. from $8.50 to $7.00. They now have a “buy” rating on the stock.

NIO Stock Down 1.5 %

Shares of NIO stock traded down $0.08 on Tuesday, hitting $5.49. The company had a trading volume of 58,385,484 shares, compared to its average volume of 52,205,031. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $10.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. The stock has a 50 day moving average of $4.29 and a 200-day moving average of $4.69. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of -3.25 and a beta of 1.82.

NIO (NYSE:NIO) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.21). The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The firm’s quarterly revenue was up 98.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.51) EPS. As a group, sell-side analysts forecast that Nio Inc – will post -1.41 earnings per share for the current year.

Hedge Funds Weigh In On NIO

Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in shares of NIO by 2.5% in the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock worth $371,000 after purchasing an additional 2,000 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in NIO by 13.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after buying an additional 2,038 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in NIO by 11.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,983 shares of the company’s stock valued at $181,000 after acquiring an additional 2,092 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of NIO by 22.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after acquiring an additional 2,651 shares in the last quarter. Finally, Cantor Fitzgerald L. P. boosted its holdings in shares of NIO by 23.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 14,548 shares of the company’s stock worth $132,000 after acquiring an additional 2,719 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.