NIO Inc. (NYSE:NIO) Given Average Rating of “Hold” by Brokerages

NIO Inc. (NYSE:NIO) has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $6.70.

Several research analysts have issued reports on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 target price on shares of NIO in a report on Friday, May 22nd. HSBC raised shares of NIO from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Finally, Bank of America restated a “neutral” rating and set a $6.80 target price on shares of NIO in a report on Thursday, May 21st.

Institutional Investors Weigh In On NIO

Hedge funds have recently made changes to their positions in the stock. Aspex Management HK Ltd purchased a new position in NIO in the third quarter valued at about $266,700,000. Renaissance Technologies LLC lifted its position in shares of NIO by 70.2% during the first quarter. Renaissance Technologies LLC now owns 14,452,131 shares of the company’s stock valued at $87,146,000 after buying an additional 5,962,731 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of NIO by 99.0% in the 1st quarter. Bank of America Corp DE now owns 14,228,916 shares of the company’s stock valued at $85,800,000 after buying an additional 7,079,903 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of NIO by 14.4% in the 4th quarter. Voloridge Investment Management LLC now owns 13,498,709 shares of the company’s stock worth $68,843,000 after buying an additional 1,694,023 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of NIO in the 3rd quarter worth approximately $91,440,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Down 0.1%

NIO traded down $0.01 during trading on Friday, hitting $4.78. 16,443,309 shares of the stock were exchanged, compared to its average volume of 25,178,036. The firm has a 50 day simple moving average of $5.41 and a 200 day simple moving average of $5.38. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of -8.68 and a beta of 0.90. NIO has a 1 year low of $3.69 and a 1 year 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 issued its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%.The business had revenue of $4.95 billion during the quarter. As a group, equities analysts expect that NIO will post -0.13 EPS 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.