NIO has been the topic of a number of other research reports. Zacks Investment Research lowered NIO from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Deutsche Bank set a $9.00 price target on NIO and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. 86 Research initiated coverage on NIO in a research report on Tuesday, January 15th. They set a “sell” rating and a $4.70 price target on the stock. Goldman Sachs Group initiated coverage on NIO in a research report on Thursday, March 7th. They set a “buy” rating and a $10.70 price target on the stock. Finally, Bank of America lowered NIO from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $8.00 to $6.80 in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $8.25.
NYSE NIO opened at $5.31 on Thursday. The stock has a market cap of $5.53 billion and a PE ratio of -0.52. The company has a current ratio of 1.42, a quick ratio of 1.25 and a debt-to-equity ratio of 0.17. NIO has a one year low of $4.90 and a one year high of $13.80.
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.
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