Analysts Set Nio Inc - (NYSE:NIO) PT at $8.43

Shares of Nio Inc - (NYSE:NIO - Get Free Report) have been given a consensus recommendation of "Reduce" by the eleven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $8.43.

Several brokerages recently weighed in on NIO. Mizuho reiterated a "neutral" rating and issued a $5.50 price target on shares of NIO in a report on Monday, March 25th. Sanford C. Bernstein cut their price target on shares of NIO from $7.50 to $5.50 and set a "market perform" rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. cut their price target on shares of NIO from $5.00 to $4.80 and set an "underweight" rating on the stock in a report on Wednesday, March 6th. Barclays reaffirmed an "underweight" rating and set a $4.00 price objective (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group dropped their price target on shares of NIO from $8.30 to $5.90 and set a "hold" rating on the stock in a research note on Wednesday, March 6th.

NIO Stock Performance

Shares of NIO stock traded down $0.03 during midday trading on Thursday, hitting $4.13. The company had a trading volume of 25,769,442 shares, compared to its average volume of 55,421,336. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of -2.36 and a beta of 1.93. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $5.06 and a 200 day simple moving average of $6.60. NIO has a 12-month low of $3.61 and a 12-month high of $16.18.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The company had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.51) earnings per share. As a group, analysts predict that NIO will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NIO. Gainplan LLC raised its holdings in NIO by 27.1% in the 1st quarter. Gainplan LLC now owns 15,845 shares of the company's stock valued at $71,000 after buying an additional 3,377 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in NIO by 10.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 701,076 shares of the company's stock valued at $3,155,000 after buying an additional 66,228 shares during the period. Axim Planning & Wealth raised its holdings in NIO by 56.2% in the 1st quarter. Axim Planning & Wealth now owns 40,285 shares of the company's stock valued at $181,000 after buying an additional 14,500 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in NIO by 272.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company's stock valued at $42,000 after buying an additional 6,875 shares during the period. Finally, BSW Wealth Partners purchased a new stake in NIO in the 1st quarter valued at about $46,000. Hedge funds and other 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.