NIO Inc. (NYSE:NIO) Receives $4.74 Consensus PT from Analysts

NIO Inc. (NYSE:NIO - Get Free Report) has earned a consensus rating of "Hold" from the thirteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.74.

Several brokerages recently commented on NIO. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Citigroup reissued a "buy" rating on shares of NIO in a research note on Monday, April 28th. Barclays reduced their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a research report on Wednesday, June 4th. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. Finally, Morgan Stanley reiterated a "buy" rating on shares of NIO in a research note on Monday, July 14th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Trilogy Capital Inc. increased its stake in NIO by 8.8% during the second quarter. Trilogy Capital Inc. now owns 157,106 shares of the company's stock worth $539,000 after purchasing an additional 12,750 shares during the period. Ballentine Partners LLC grew its holdings in shares of NIO by 26.8% in the second quarter. Ballentine Partners LLC now owns 40,200 shares of the company's stock valued at $138,000 after purchasing an additional 8,503 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in NIO during the 2nd quarter worth approximately $56,000. Kingstone Capital Partners Texas LLC acquired a new stake in NIO during the 2nd quarter worth approximately $12,315,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NIO by 3,966.7% during the 1st 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 buying an additional 5,185,565 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Stock Performance

NYSE:NIO traded down $0.01 during midday trading on Friday, hitting $4.39. The company's stock had a trading volume of 78,132,544 shares, compared to its average volume of 53,650,434. NIO has a fifty-two week low of $3.02 and a fifty-two week high of $7.71. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. The firm has a market cap of $9.16 billion, a P/E ratio of -2.71 and a beta of 1.55. The firm's 50 day moving average is $3.72 and its 200-day moving average is $4.02.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. During the same quarter in the previous year, the company earned ($2.39) EPS. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. Equities analysts anticipate that NIO will post -1.43 earnings per share for the current fiscal year.

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.