NIO (NYSE:NIO) Stock Rating Upgraded by Wall Street Zen

Key Points

• NIO has been upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, while JPMorgan Chase upgraded their rating from "neutral" to "overweight" with a price target increase from $4.80 to $8.00.
• Despite a revenue increase of 9% year-over-year, NIO reported a miss on earnings per share for the most recent quarter, with an EPS of (0.32) compared to the consensus estimate of (0.30).
• As of now, NIO holds an average rating of "Hold" from analysts, with a consensus price target of $5.83.

Wall Street Zen upgraded shares of NIO (NYSE:NIO - Free Report) from a strong sell rating to a hold rating in a report released on Monday morning.

Other research analysts have also issued reports about the stock. Morgan Stanley restated a "buy" rating on shares of NIO in a report on Monday, July 14th. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and upped their target price for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. Mizuho upped their price objective on shares of NIO from $3.50 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Finally, Bank of America lifted their target price on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.83.

NIO Trading Up 1.8%

NYSE:NIO traded up $0.11 during midday trading on Monday, reaching $6.28. 54,297,432 shares of the stock traded hands, compared to its average volume of 56,000,918. The company has a fifty day moving average of $4.89 and a 200 day moving average of $4.27. NIO has a 12 month low of $3.02 and a 12 month high of $7.71. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.71 and a current ratio of 0.84. The stock has a market capitalization of $13.11 billion, a P/E ratio of -3.92 and a beta of 1.20.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $20.07 billion. During the same quarter in the prior year, the company earned ($2.21) earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. NIO has set its Q3 2025 guidance at EPS. On average, research analysts predict that NIO will post -1.43 EPS for the current year.

Institutional Trading of NIO

A number of large investors have recently made changes to their positions in the stock. Ethic Inc. grew its position in NIO by 147.5% in the 4th quarter. Ethic Inc. now owns 119,432 shares of the company's stock worth $521,000 after purchasing an additional 71,184 shares during the period. J. Goldman & Co LP bought a new position in NIO in the fourth quarter valued at about $541,000. Laird Norton Wetherby Wealth Management LLC boosted its position in NIO by 15.1% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 66,534 shares of the company's stock worth $290,000 after purchasing an additional 8,746 shares during the last quarter. Laird Norton Wetherby Trust Company LLC bought a new stake in shares of NIO during the 4th quarter valued at about $93,000. Finally, Vienna Asset Management LLC purchased a new stake in shares of NIO during the 4th quarter valued at about $100,000. 48.55% of the stock is currently owned by institutional investors.

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.