Nio Inc – (NYSE:NIO – Get Free Report) has been given an average rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.93.
Several equities analysts have issued reports on NIO shares. Daiwa America upgraded NIO to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup cut their price objective on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Bank of America lifted their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Wolfe Research initiated coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company.
View Our Latest Stock Report on NIO
Institutional Investors Weigh In On NIO
NIO Price Performance
NIO stock opened at $5.16 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market capitalization of $8.87 billion, a PE ratio of -3.05 and a beta of 1.86. NIO has a one year low of $3.61 and a one year high of $9.57. The business has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $4.82.
NIO (NYSE:NIO – Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, hitting the consensus estimate of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter last year, the company earned ($0.51) EPS. NIO’s revenue was up 98.9% on a year-over-year basis. On average, sell-side analysts forecast that NIO will post -1.37 EPS for the current fiscal year.
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.
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