Nio Inc – (NYSE:NIO – Get Free Report) gapped up prior to trading on Thursday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $4.24, but opened at $4.41. JPMorgan Chase & Co. now has a $8.00 price target on the stock, up from their previous price target of $5.30. NIO shares last traded at $4.50, with a volume of 21,181,309 shares trading hands.
NIO has been the topic of a number of other reports. Bank of America lifted their price target on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday. Wolfe Research started coverage on shares of NIO in a research note on Thursday. They issued a “peer perform” rating on the stock. Finally, Citigroup decreased their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, NIO has a consensus rating of “Hold” and a consensus target price of $5.93.
View Our Latest Analysis on NIO
Institutional Investors Weigh In On NIO
NIO Stock Performance
The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of -2.98 and a beta of 1.82. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $4.27 and a 200-day simple moving average of $4.71.
NIO (NYSE:NIO – Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The business had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. The business’s revenue was up 98.9% compared to the same quarter last year. On average, analysts anticipate that Nio Inc – will post -1.43 earnings per share for the current 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.
Featured Articles
- Five stocks we like better than NIO
- Utilities Stocks Explained – How and Why to Invest in Utilities
- MarketBeat Week in Review – 9/2 – 9/6
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- What Do S&P 500 Stocks Tell Investors About the Market?
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.