Nio Inc – (NYSE:NIO – Get Free Report) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $5.71.
Several research analysts recently commented on NIO shares. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and lowered their target price for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Citigroup reduced their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $5.30 to $8.00 in a research report on Friday, September 6th.
View Our Latest Analysis on NIO
Hedge Funds Weigh In On NIO
NIO Trading Down 1.8 %
NYSE:NIO opened at $4.59 on Friday. The company has a market cap of $7.88 billion, a P/E ratio of -3.04 and a beta of 1.77. NIO has a twelve month low of $3.61 and a twelve month high of $9.57. The business has a 50 day moving average price of $5.11 and a two-hundred day moving average price of $4.84. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.
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.
Featured Stories
- Five stocks we like better than NIO
- What is MarketRank™? How to Use it
- WallStreetBets: How a Reddit Forum Shook Up Stock Market Dynamics
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Are 2024’s Top Insider Buys a Good Bet for 2025?
- Canada Bond Market Holiday: How to Invest and Trade
- 4 Social Media Stocks to Soar as TikTok’s Future Hangs in Balance
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.