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

Nio Inc – (NYSE:NIO) has earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.38.

A number of research firms have recently commented on NIO. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and cut their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th.

NIO Stock Performance

Shares of NIO stock opened at $4.45 on Wednesday. NIO has a 12 month low of $3.61 and a 12 month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68. The stock’s fifty day simple moving average is $4.35 and its 200 day simple moving average is $4.77.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its stake in shares of NIO by 8.3% during the 3rd quarter. Creative Planning now owns 290,558 shares of the company’s stock worth $1,941,000 after purchasing an additional 22,240 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in NIO during the third quarter worth $32,000. Signaturefd LLC lifted its stake in NIO by 16.9% in the third quarter. Signaturefd LLC now owns 48,604 shares of the company’s stock valued at $325,000 after acquiring an additional 7,014 shares during the last quarter. Private Advisor Group LLC grew its position in shares of NIO by 22.6% in the 3rd quarter. Private Advisor Group LLC now owns 84,032 shares of the company’s stock valued at $561,000 after acquiring an additional 15,509 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of NIO by 580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 392,343 shares of the company’s stock worth $2,621,000 after purchasing an additional 334,723 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.