Analysts Set Nio Inc - (NYSE:NIO) Price Target at $5.05

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

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

NIO Trading Down 3.5%

NYSE NIO traded down $0.13 on Friday, reaching $3.55. The company had a trading volume of 37,134,877 shares, compared to its average volume of 53,260,340. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of -2.35 and a beta of 1.73. NIO has a fifty-two week low of $3.02 and a fifty-two week high of $7.71. The business has a 50 day moving average of $3.79 and a two-hundred day moving average of $4.24. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

NIO (NYSE:NIO - Get Free Report) last released its 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). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the prior year, the company posted ($2.81) EPS. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts forecast that NIO will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of NIO by 3,966.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after purchasing an additional 5,185,565 shares during the period. SG Americas Securities LLC increased its stake in NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares in the last quarter. Trexquant Investment LP acquired a new position in NIO during the fourth quarter worth $3,305,000. Hsbc Holdings PLC raised its holdings in NIO by 96.6% during the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock worth $3,964,000 after buying an additional 510,610 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of NIO in the fourth quarter valued at $1,776,000. Institutional investors 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.