Nio Inc – (NYSE:NIO – Get Free Report) has earned an average rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.11.
A number of equities analysts have recently issued reports on the stock. Citigroup cut their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Wolfe Research started coverage on shares of NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Macquarie upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price target for the company in a research report on Monday, October 28th.
Read Our Latest Research Report on NIO
Hedge Funds Weigh In On NIO
NIO Trading Up 0.9 %
Shares of NIO stock opened at $4.62 on Monday. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of -3.04 and a beta of 1.91. NIO has a 52-week low of $3.61 and a 52-week high of $9.57. The company’s 50-day simple moving average is $5.59 and its 200-day simple moving average is $4.93. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.
NIO (NYSE:NIO – Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting analysts’ consensus estimates of ($2.21). The firm had revenue of $17.45 billion for the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The company’s revenue for the quarter was up 98.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.51) earnings per share. As a group, equities research analysts anticipate 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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