NIO Inc. (NYSE:NIO) Stock Has Average Target Price of $5.78 According to Analysts

Shares of NIO Inc. (NYSE:NIO) have earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $5.78.

Several brokerages have issued reports on NIO. Freedom Broker downgraded NIO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $6.10 price objective on shares of NIO in a report on Friday, September 4th. Zacks Research lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein lowered their target price on NIO from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada cut NIO to a “sector perform” rating in a research note on Thursday, September 3rd.

Institutional Investors Weigh In On NIO

Several large investors have recently made changes to their positions in NIO. Bank of America Corp DE grew its stake 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 acquiring an additional 7,079,903 shares in the last quarter. Renaissance Technologies LLC raised 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 during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of NIO in the second quarter valued at approximately $19,008,000. Hsbc Holdings PLC lifted its position 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 worth $8,051,000 after purchasing an additional 1,387,656 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of NIO in the first quarter worth $4,043,000. Institutional investors own 48.55% of the company’s stock.

NIO Trading Up 0.1%

Shares of NYSE NIO opened at $3.40 on Friday. The company’s fifty day moving average is $3.53 and its 200-day moving average is $4.85. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of -12.57 and a beta of 0.89. NIO has a twelve month low of $3.10 and a twelve month high of $7.06. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 2.11.

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

NIO News Summary

Here are the key news stories impacting NIO this week:

• Positive Sentiment: NIO shares rose alongside a broad recovery in EV stocks, including XPeng, Tesla and Li Auto. The rebound appears market-driven rather than a response to a new NIO catalyst. NIO Soars 6%, XPeng Up 7% as EV Stocks Bounce Back After Midterm Sell-Off
• Positive Sentiment: NIO reported reaching 130 million battery swaps across 4,236 stations in China, highlighting the scale of its battery-swapping network. Nio reaches 130 million battery swaps with 4,236 stations operating across China
• Positive Sentiment: A NIO electric-vehicle motor received an engineering award, offering a positive product and technology signal, though the article provides no financial impact. Nio EV motor wins prestigious engineering
• Neutral Sentiment: Sell-side analysts reportedly rate NIO “Hold,” suggesting neither a strong bullish nor bearish consensus signal. NIO Inc. Stock Rated Hold by Sell-Side Analysts
• Negative Sentiment: NIO’s October deliveries reportedly declined 15%, a potential demand headwind that may temper the market-wide rebound. NIO Reports October Deliveries

NIO Company Profile

NIO Inc is a China-based electric vehicle company founded in 2014. The company designs, develops, and sells premium smart electric vehicles, including sedans and sport utility vehicles, primarily under the NIO brand.

Alongside its vehicles, NIO offers battery-swapping and charging services, vehicle software and connectivity features, and related ownership services. Its battery-as-a-service offering allows customers to separate battery use from vehicle purchase.

NIO serves customers in China and selected European markets.