Nio Inc – (NYSE:NIO – Get Free Report) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.93.
A number of brokerages have recently issued reports on NIO. Citigroup lowered their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Bank of America upped their price objective on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research began coverage on shares of NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research report on Monday, September 30th.
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NIO Price Performance
NYSE NIO opened at $5.22 on Thursday. The company has a market cap of $8.97 billion, a PE ratio of -3.09 and a beta of 1.86. NIO has a 52 week low of $3.61 and a 52 week high of $9.57. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $5.16 and its two-hundred day simple moving average is $4.81.
NIO (NYSE:NIO – Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The firm had revenue of $17.45 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same period in the prior year, the firm posted ($0.51) earnings per share. The company’s revenue for the quarter was up 98.9% on a year-over-year basis. Research analysts predict that NIO will post -1.37 earnings per share for the current year.
About NIO
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.
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