Nio Stock Forecast: Why the Fundamental Analysis is Bearish?

NIO Stock Forecast

Nio Inc (NIO:NYE) has recently garnered a “Buy” consensus recommendation from thirteen analysts covering the company, according to Stock Target Advisor Ratings. Nio stock forecast report highlights that five analysts rate the stock as a hold, while another five have assigned it a buy rating. Over the past year, the average one-year price target among these analysts stands at $17.52, providing valuable insights for investors.

 

NIO Stock Forecast: Analyst Ratings:

Several analysts have issued reports regarding Nio’s stock market performance. Mizuho, for instance, lowered their price target from $28.00 to $25.00 but maintained a “buy” rating on the stock in their research report released on March 2nd. Barclays also downgraded Nio from an “overweight” to an “equal weight” rating, reducing the price target from $18.00 to $10.00 on the same day. JPMorgan Chase & Co. followed suit by downgrading Nio from “overweight” to “neutral,” accompanied by a target price cut from $14.00 to $10.00. Lastly, Morgan Stanley decreased their price target from $16.10 to $12.00 in their research note on March 20th.

NIO Ratings by Stock Target Advisor

NIO Stock Price Performance:

In terms of trading, Nio stock opened at $7.56 on Monday, showing a modest 0.3% increase. The company boasts a debt-to-equity ratio of 0.45, a current ratio of 1.29, and a quick ratio of 1.11. Its 50-day simple moving average stands at $8.48, while the two-hundred-day simple moving average is $9.88. With a market capitalization of $12.62 billion, Nio holds a price-to-earnings ratio of -5.82 and a beta of 1.92. Over the past year, the stock has ranged from a low of $7.00 to a high of $24.43.

NIO Ratings by Stock Target Advisor

Institutional Holdings:

Turning attention to the institutional activity, several hedge funds and institutional investors have recently adjusted their positions in Nio. Baillie Gifford & Co., for instance, increased its holdings by 25.1% during the fourth quarter, acquiring an additional 24,277,897 shares. This brings their total ownership to 121,059,075 shares, valued at $1,180,326,000.

BlackRock Inc. also saw a 1.2% growth in their stake, adding 720,138 shares during the third quarter, for a total of 62,063,468 shares worth $978,741,000.

Vanguard Group Inc. raised its holdings by 2.2% in the same quarter, purchasing an additional 1,113,194 shares, and now owns 51,370,117 shares valued at $810,108,000.

Additionally, Norges Bank initiated a new position in Nio during the fourth quarter, with a value of approximately $155,344,000. Legal & General Group Plc increased their holdings by 0.8% during the same period, adding 92,662 shares, for a total of 11,086,052 shares worth $108,089,000. Institutional investors now own approximately 30.06% of Nio stock.

 

The Takeaway:

Overall, the consensus “Buy” recommendation from brokerages, along with the insights provided by analysts and institutional investors, sheds light on Nio Inc’s current standing in the market. While some analysts have revised their price targets downward, others maintain a positive outlook on NIO stock forecast. Investors should carefully consider these factors before making any investment decisions regarding Nio’s stock.

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