Brokerages Set NIO Inc. (NYSE:NIO) PT at $5.98

NIO Inc. (NYSE:NIO) has earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.8667.

A number of research firms recently commented on NIO. Zacks Research lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $6.10 price objective on shares of NIO in a research report on Friday, September 4th. Sanford C. Bernstein reduced their price target on NIO from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, September 2nd. Freedom Broker downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a research report on Wednesday, July 29th.

NIO Trading Down 1.5%

Shares of NIO stock opened at $3.67 on Thursday. The firm has a market capitalization of $9.10 billion, a PE ratio of -13.57 and a beta of 0.92. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.89 and a current ratio of 1.02. The stock has a fifty day moving average of $4.32 and a two-hundred day moving average of $5.19. NIO has a 1 year low of $3.55 and a 1 year high of $8.02.

NIO (NYSE:NIO) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.00 earnings per share (EPS) for the quarter. NIO had a negative return on equity of 111.37% and a negative net margin of 3.95%.The firm had revenue of $4.73 billion during the quarter. As a group, research analysts expect that NIO will post -0.13 EPS for the current year.

Institutional Trading of NIO

A number of large investors have recently bought and sold shares of NIO. Bank of America Corp DE increased its position in shares of NIO by 99.0% during the 1st quarter. Bank of America Corp DE now owns 14,228,916 shares of the company’s stock worth $85,800,000 after purchasing an additional 7,079,903 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of NIO by 651.5% in the second quarter. Hsbc Holdings PLC now owns 1,600,640 shares of the company’s stock valued at $8,051,000 after purchasing an additional 1,387,656 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of NIO by 70.2% in the first 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 in the last quarter. Assenagon Asset Management S.A. bought a new position in NIO in the 2nd quarter worth approximately $19,008,000. Finally, ABC Arbitrage SA bought a new position in NIO in the 1st quarter worth approximately $4,043,000. 48.55% of the stock is currently owned by institutional investors.

Trending Headlines about NIO

Here are the key news stories impacting NIO this week:

• Positive Sentiment: NIO expanded its partnership with HERE Technologies across its European lineup. Continuously refreshed maps and improved Navigation on Autopilot capabilities could enhance NIO’s smart-driving features, supporting the company’s European brand and technology positioning. NIO and HERE Technologies expand European collaboration
• Positive Sentiment: NIO’s approximately US$73,800 flagship electric SUV reportedly reached 30,000 deliveries in 119 days. The pace suggests strong demand for higher-end models and could help improve revenue mix and investor confidence if sustained. NIO flagship SUV delivery milestone
• Neutral Sentiment: An investor article listed NIO among low-priced stocks worth monitoring amid concerns about persistent inflation and potentially higher interest rates. It does not identify a company-specific catalyst or change NIO’s financial outlook. NIO stock and penny stocks to watch
• Negative Sentiment: NIO reportedly launched a new EC6 edition after a 71% sales decline. The sharp drop highlights pricing pressure and increasingly fierce competition in China’s EV market, potentially weighing on deliveries, margins and profitability. NIO EC6 sales decline

NIO Company Profile

NIO Inc is a Chinese smart electric vehicle company founded in 2014 and headquartered in Shanghai. The company designs, develops and sells battery-powered passenger vehicles, with a focus on combining electric mobility with digital connectivity, autonomous-driving capabilities and premium user services.

NIO’s vehicle lineup has included electric SUVs, sedans and station wagons marketed under the NIO brand. Its services include battery charging and swapping, mobile charging, battery upgrades, vehicle financing and maintenance support.