Nio Inc - (NYSE:NIO) Receives Consensus Rating of "Hold" from Brokerages

Shares of Nio Inc - (NYSE:NIO - Get Free Report) have received a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.05.

A number of brokerages have issued reports on NIO. Citigroup reaffirmed a "buy" rating on shares of NIO in a research note on Monday, April 28th. Cfra Research raised shares of NIO to a "hold" rating in a research note on Friday, March 21st. Mizuho decreased their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th.

NIO Price Performance

Shares of NYSE:NIO traded up $0.08 during trading on Monday, reaching $3.92. The stock had a trading volume of 5,138,025 shares, compared to its average volume of 54,861,118. NIO has a 1-year low of $3.02 and a 1-year high of $7.71. The stock has a market cap of $8.18 billion, a PE ratio of -2.60 and a beta of 1.73. The business has a fifty day moving average price of $4.05 and a 200-day moving average price of $4.39. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.81) earnings per share. On average, equities analysts forecast that NIO will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of NIO during the fourth quarter worth about $1,360,000. AlphaStar Capital Management LLC purchased a new stake in shares of NIO during the fourth quarter worth $537,000. SIH Partners LLLP raised its stake in shares of NIO by 23.1% in the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after acquiring an additional 175,000 shares in the last quarter. Arizona PSPRS Trust acquired a new position in NIO during the 4th quarter worth $1,330,000. Finally, Principal Financial Group Inc. increased its holdings in NIO by 140.2% during the 3rd quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock worth $502,000 after purchasing an additional 43,839 shares during the period. Institutional investors and hedge funds own 48.55% of the company's stock.

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.