Analysts Set NIO Inc. (NYSE:NIO) PT at $6.83

NIO Inc. (NYSE:NIO) has been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.8250.

NIO has been the topic of a number of research analyst reports. Barclays raised their price target on NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Friday, November 28th. UBS Group lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of NIO in a research report on Monday, December 29th. Macquarie Infrastructure raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target for the company in a research report on Thursday, January 15th. Finally, Citigroup cut their price target on shares of NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a research note on Wednesday, November 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its position in NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after acquiring an additional 2,950 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after purchasing an additional 2,877 shares in the last quarter. Arax Advisory Partners lifted its stake in shares of NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after purchasing an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of NIO during the 4th quarter worth about $41,000. Finally, MV Capital Management Inc. purchased a new stake in shares of NIO during the 4th quarter worth about $42,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NYSE:NIO opened at $4.59 on Friday. The company has a market cap of $9.58 billion, a P/E ratio of -3.17 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 2.36. NIO has a 52 week low of $3.02 and a 52 week high of $8.02. The business has a fifty day simple moving average of $4.86 and a 200-day simple moving average of $5.80.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.