Nio Inc – (NYSE:NIO) Receives Consensus Rating of “Hold” from Analysts

Shares of Nio Inc – (NYSE:NIO) have been given an average rating of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given 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 brokerages that have issued a report on the stock in the last year is $5.71.

Several brokerages have recently issued reports on NIO. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and reduced their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th.

Hedge Funds Weigh In On NIO

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in shares of NIO by 164.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after purchasing an additional 4,018,659 shares during the period. FMR LLC grew its stake in shares of NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the period. Quadrature Capital Ltd grew its stake in shares of NIO by 32.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after purchasing an additional 538,907 shares during the period. SG Americas Securities LLC grew its stake in shares of NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after purchasing an additional 589,082 shares during the period. Finally, Swedbank AB grew its stake in shares of NIO by 0.8% during the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock worth $4,657,000 after purchasing an additional 9,000 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Trading Down 2.2 %

Shares of NIO stock opened at $4.23 on Friday. The company has a fifty day simple moving average of $4.45 and a 200-day simple moving average of $4.77. NIO has a 12-month low of $3.61 and a 12-month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of -2.80 and a beta of 1.70.

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.