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

Shares of NIO Inc. (NYSE:NIO) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.70.

Several equities research analysts have weighed in on NIO shares. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Bank of America reissued a “neutral” rating and set a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $6.00 price target on shares of NIO in a research note on Friday, May 22nd. Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st.

NIO Price Performance

NIO stock opened at $4.91 on Friday. The firm’s 50-day moving average price is $5.48 and its two-hundred day moving average price is $5.38. NIO has a 12-month low of $3.46 and a 12-month high of $8.02. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of -8.93 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94.

NIO (NYSE:NIO) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The firm had revenue of $4.95 billion during the quarter. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. As a group, equities analysts predict that NIO will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On NIO

A number of institutional investors have recently bought and sold shares of NIO. Aspex Management HK Ltd bought a new stake in NIO during the 3rd quarter valued at approximately $266,700,000. Renaissance Technologies LLC lifted its stake in shares of NIO by 70.2% in the 1st quarter. Renaissance Technologies LLC now owns 14,452,131 shares of the company’s stock valued at $87,146,000 after purchasing an additional 5,962,731 shares during the period. Bank of America Corp DE boosted its position in shares of NIO by 99.0% during 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 purchasing an additional 7,079,903 shares in the last quarter. Voloridge Investment Management LLC grew its stake in NIO by 14.4% in the fourth quarter. Voloridge Investment Management LLC now owns 13,498,709 shares of the company’s stock worth $68,843,000 after purchasing an additional 1,694,023 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new stake in NIO in the third quarter worth $91,440,000. 48.55% of the stock is owned by institutional investors.

About NIO

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.