Analysts Set Nio Inc - (NYSE:NIO) Price Target at $5.03

Nio Inc - (NYSE:NIO - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.03.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after purchasing an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after buying an additional 4,332 shares in the last quarter. Callan Family Office LLC bought a new position in NIO during the fourth quarter valued at approximately $44,000. Sava Infond d.o.o. purchased a new position in shares of NIO during the fourth quarter worth approximately $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO in the 4th quarter worth approximately $45,000. Institutional investors own 48.55% of the company's stock.

NIO Stock Performance

NYSE:NIO traded down $0.03 on Friday, reaching $5.17. 30,927,465 shares of the company's stock were exchanged, compared to its average volume of 54,449,625. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of -3.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.86. NIO has a 52 week low of $3.61 and a 52 week high of $7.71.

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.