NIO (NYSE:NIO) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of NIO (NYSE:NIO) from a neutral rating to an overweight rating in a report issued on Tuesday, Marketbeat reports. The firm currently has $8.00 price objective on the stock, up from their previous price objective of $4.80.

A number of other equities research analysts also recently issued reports on NIO. Barclays cut their target price on shares of NIO from $4.00 to $3.00 and set an “underweight” rating for the company in a research report on Wednesday, June 4th. The Goldman Sachs Group upgraded shares of NIO from a “sell” rating to a “neutral” rating and increased their target price for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Citigroup reiterated a “buy” rating on shares of NIO in a research report on Monday, April 28th. Mizuho cut their target price on shares of NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. Finally, Morgan Stanley reiterated a “buy” rating on shares of NIO in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.21.

NIO Stock Up 9.9%

Shares of NYSE:NIO opened at $6.70 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.69 and a current ratio of 0.84. The company has a market cap of $13.97 billion, a PE ratio of -4.13 and a beta of 1.42. NIO has a 52 week low of $3.02 and a 52 week high of $7.71. The firm has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $4.15.

NIO (NYSE:NIO) last released its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.23). NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $12.46 billion. During the same quarter in the previous year, the company earned ($2.39) EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. NIO has set its Q2 2025 guidance at EPS. As a group, research analysts expect that NIO will post -1.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NIO. Tidal Investments LLC grew its stake in NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after buying an additional 2,433 shares during the last quarter. Tempus Wealth Planning LLC grew its stake in NIO by 7.4% in the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company’s stock valued at $163,000 after buying an additional 2,943 shares during the last quarter. Redwood Wealth Management Group LLC grew its stake in NIO by 4.9% in the 2nd quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company’s stock valued at $237,000 after buying an additional 3,215 shares during the last quarter. Private Advisor Group LLC grew its stake in NIO by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company’s stock valued at $303,000 after buying an additional 3,527 shares during the last quarter. Finally, Main Management ETF Advisors LLC grew its stake in NIO by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 222,057 shares of the company’s stock valued at $762,000 after buying an additional 3,612 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.