Nio Inc – (NYSE:NIO – Get Free Report) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.55.
A number of research firms have recently commented on NIO. Bank of America boosted their price target on shares of NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Citigroup decreased their target price on NIO from $10.40 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. Finally, Macquarie started coverage on shares of NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock.
Check Out Our Latest Stock Report on NIO
Hedge Funds Weigh In On NIO
NIO Price Performance
NYSE NIO traded down $0.04 during trading hours on Friday, hitting $3.78. The company had a trading volume of 25,866,108 shares, compared to its average volume of 52,729,641. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.15. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of -2.24 and a beta of 1.86. NIO has a 52 week low of $3.61 and a 52 week high of $13.97. The firm has a 50 day simple moving average of $4.48 and a 200 day simple moving average of $4.97.
NIO (NYSE:NIO – Get Free Report) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.48 billion. NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. Equities research analysts expect that NIO will post -1.41 earnings per share for the current 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.
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