Nio Inc – (NYSE:NIO) Given Average Rating of “Hold” by Analysts

Nio Inc – (NYSE:NIO) has earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.71.

A number of research analysts have recently weighed in on the company. Daiwa America upgraded NIO to a “strong-buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and cut their target price for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of NIO by 140.2% in the third quarter. Principal Financial Group Inc. now owns 75,100 shares of the company’s stock valued at $502,000 after purchasing an additional 43,839 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in NIO in the 3rd quarter valued at about $374,000. Tidal Investments LLC increased its stake in shares of NIO by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 280,140 shares of the company’s stock valued at $1,871,000 after acquiring an additional 6,545 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of NIO by 63.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,859 shares of the company’s stock worth $553,000 after acquiring an additional 32,069 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock worth $883,000 after acquiring an additional 132,237 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Stock Performance

NIO opened at $4.70 on Tuesday. The stock’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $4.81. The stock has a market cap of $8.08 billion, a P/E ratio of -3.11 and a beta of 1.70. NIO has a 1-year low of $3.61 and a 1-year high of $8.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

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.