Nio Inc – (NYSE:NIO) has received a consensus rating of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.02.
Several equities analysts recently issued reports on NIO shares. 86 Research started coverage on shares of NIO in a research note on Tuesday, January 15th. They set a “sell” rating and a $4.70 price objective on the stock. Deutsche Bank set a $9.00 price objective on shares of NIO and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Zacks Investment Research downgraded shares of NIO from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Bank of America downgraded shares of NIO from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $8.00 to $6.80 in a research report on Wednesday, March 6th. Finally, Goldman Sachs Group assumed coverage on shares of NIO in a research report on Thursday, March 7th. They issued a “buy” rating and a $10.70 price objective on the stock.
Shares of NIO traded up $0.30 on Friday, hitting $5.02. 25,126,158 shares of the stock traded hands, compared to its average volume of 26,903,230. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.25 and a current ratio of 1.42. The company has a market capitalization of $5.15 billion and a price-to-earnings ratio of -0.49. NIO has a 1 year low of $4.43 and a 1 year high of $13.80.
Large investors have recently modified their holdings of the stock. Psagot Investment House Ltd. bought a new stake in NIO in the 1st quarter valued at about $29,000. Enlightenment Research LLC bought a new stake in NIO in the 4th quarter valued at about $35,000. Barclays PLC bought a new stake in NIO in the 4th quarter valued at about $36,000. Moors & Cabot Inc. acquired a new position in NIO during the 1st quarter valued at about $64,000. Finally, LPL Financial LLC acquired a new position in NIO during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.
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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