NIO Inc. (NYSE:NIO) Receives $6.70 Average Target Price from Analysts

Shares of NIO Inc. (NYSE:NIO) have been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.70.

A number of equities research analysts have issued reports on the stock. Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a research note on Wednesday, March 11th. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 price objective on shares of NIO in a research note on Friday, May 22nd. Bank of America reiterated a “neutral” rating and set a $6.80 price objective on shares of NIO in a research note on Thursday, May 21st. Finally, HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and increased their price objective for the stock from $4.80 to $6.80 in a research note on Friday, March 13th.

Hedge Funds Weigh In On NIO

Institutional investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC lifted its stake in NIO by 4.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after purchasing an additional 1,806 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of NIO by 17.4% during the first quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company’s stock worth $83,000 after buying an additional 2,027 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of NIO by 0.9% during the second quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock worth $985,000 after buying an additional 2,433 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of NIO by 11.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company’s stock valued at $127,000 after acquiring an additional 2,586 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in shares of NIO by 26.4% in the 4th quarter. Wealthspire Advisors LLC now owns 12,980 shares of the company’s stock valued at $66,000 after acquiring an additional 2,707 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Trading Down 0.5%

Shares of NIO stock opened at $5.21 on Tuesday. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of -9.46 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. NIO has a 12-month low of $3.34 and a 12-month high of $8.02. The firm’s 50-day moving average price is $6.00 and its two-hundred day moving average price is $5.40.

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