NIO Inc. (NYSE:NIO) Receives $6.80 Consensus Target Price from Analysts

Shares of NIO Inc. (NYSE:NIO) have earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.80.

Several research firms recently commented on NIO. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.80 to $6.80 in a report on Friday, March 13th. Bank of America restated a “neutral” rating on shares of NIO in a report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Finally, Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price for the company in a research note on Wednesday, March 11th.

Institutional Trading of NIO

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in NIO by 99.0% in the first quarter. Bank of America Corp DE now owns 14,228,916 shares of the company’s stock valued at $85,800,000 after acquiring an additional 7,079,903 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in NIO in the first quarter valued at approximately $1,793,000. EverSource Wealth Advisors LLC lifted its stake in NIO by 120.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after acquiring an additional 4,383 shares during the last quarter. Royal Bank of Canada lifted its stake in NIO by 14.1% in the first quarter. Royal Bank of Canada now owns 100,186 shares of the company’s stock valued at $605,000 after acquiring an additional 12,375 shares during the last quarter. Finally, SummitTX Capital L.P. acquired a new stake in NIO in the first quarter valued at approximately $247,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Stock Performance

NIO stock opened at $5.76 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The stock has a market cap of $13.22 billion, a P/E ratio of -5.93 and a beta of 0.97. The firm has a 50 day simple moving average of $6.07 and a 200 day simple moving average of $5.53. NIO has a 52 week low of $3.34 and a 52 week high of $8.02.

NIO (NYSE:NIO) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The business had revenue of $4.95 billion during the quarter. NIO had a negative net margin of 17.21% and a negative return on equity of 924.56%. Research analysts anticipate that NIO will post -0.22 earnings per share for the current fiscal 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.