Nio Inc – (NYSE:NIO – Get Free Report) has been given a mean score of “Maintain” by the eleven brokerages which are presently overlaying the agency, MarketBeat.com reviews. One analysis analyst has rated the inventory with a promote advice, eight have issued a maintain advice and two have assigned a purchase advice to the corporate. The common twelve-month goal worth amongst brokers which have coated the inventory within the final 12 months is $5.93.
A variety of equities analysis analysts have not too long ago weighed in on the corporate. Financial institution of America lifted their worth goal on NIO from $5.00 to $5.30 and gave the corporate a “impartial” score in a analysis word on Thursday, September fifth. Wolfe Analysis assumed protection on NIO in a analysis report on Thursday, September fifth. They issued a “peer carry out” score for the corporate. Citigroup lowered their worth goal on shares of NIO from $8.50 to $7.00 and set a “purchase” score on the inventory in a analysis report on Wednesday, September 4th. Lastly, JPMorgan Chase & Co. upgraded shares of NIO from a “impartial” score to an “obese” score and lifted their worth goal for the corporate from $5.30 to $8.00 in a report on Friday, September sixth.
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NIO Buying and selling Down 2.2 %
Shares of NIO inventory opened at $5.28 on Friday. The corporate has a 50-day shifting common of $4.42 and a two-hundred day shifting common of $4.69. The agency has a market cap of $9.08 billion, a PE ratio of -3.12 and a beta of 1.82. NIO has a 1-year low of $3.61 and a 1-year excessive of $9.57. The corporate has a debt-to-equity ratio of 0.71, a present ratio of 1.11 and a fast ratio of 1.01.
NIO (NYSE:NIO – Get Free Report) final posted its quarterly earnings knowledge on Thursday, September fifth. The corporate reported ($2.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.21). The agency had income of $17.45 billion in the course of the quarter, in comparison with analysts’ expectations of $17.49 billion. NIO had a detrimental internet margin of 32.47% and a detrimental return on fairness of 104.61%. The agency’s quarterly income was up 98.9% on a year-over-year foundation. Throughout the identical quarter final 12 months, the corporate posted ($0.51) EPS. On common, analysts predict that NIO will put up -1.41 EPS for the present 12 months.
Institutional Traders Weigh In On NIO
A variety of massive traders have not too long ago modified their holdings of NIO. Principal Securities Inc. acquired a brand new place in shares of NIO in the course of the 4th quarter price about $42,000. Ridgewood Investments LLC bought a brand new place in NIO within the second quarter valued at roughly $25,000. HighPoint Advisor Group LLC bought a brand new place in NIO within the fourth quarter valued at roughly $93,000. Sound Earnings Methods LLC lifted its place in shares of NIO by 3,333.3% in the course of the 1st quarter. Sound Earnings Methods LLC now owns 10,300 shares of the corporate’s inventory price $46,000 after shopping for a further 10,000 shares over the last quarter. Lastly, Perigon Wealth Administration LLC acquired a brand new place in shares of NIO within the 1st quarter valued at $51,000. 48.55% of the inventory is owned by hedge funds and different institutional traders.
About NIO
NIO Inc designs, manufactures, and sells electrical autos within the Folks’s Republic of China. The corporate can also be concerned within the manufacture of e-powertrain, battery packs, and elements; and racing administration, expertise improvement, and gross sales and after-sales administration actions. As well as, it presents energy options for battery charging wants; and different value-added providers.
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