The shares of NIO Inc. (NYSE:NIO) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on April 4th, 2019. Citigroup wasn’t the only research firm that published a report of NIO Inc., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on April 4th, 2019, to Neutral the NIO stock. The stock had earned Buy rating from Goldman when it published its report on March 7th, 2019. That day the Goldman set price target on the stock to $10.70. The stock was given Underperform rating by BofA/Merrill in its report released on March 6th, 2019. Credit Suisse was of a view that NIO is Outperform in its latest report on October 22nd, 2018 while giving it a price target of $12.60. JP Morgan thinks that NIO is worth Neutral rating. This was contained in the firm’s report on October 9th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $8.01. The price of the stock the last time has raised by 8.16% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 35.18.
The shares of the company dipped by -1.12% during the trading session on Monday, reaching a low of $5.25 while ending the day at $5.30. During the trading session, a total of 17.19 million shares were traded which represents a 41.52% incline from the average session volume which is 29.40M shares. NIO had ended its last session trading at 5.36. NIO Inc. currently has a market cap of $5.57B while its P/E earnings growth sits at 7.55. NIO Inc. debt-to-equity ratio currently stands at 0.47, while its quick ratio hovers at 1.20. NIO 52-week low price stands at $4.90 while its 52-week high price is $13.80.
The NIO Inc. generated $3,435.61 million in revenue during the last quarter, which is slightly higher than the $2,914.00 million predicted by analysts. NIO Inc. has the potential to record -3.39 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Canaccord Genuity published a research note on April 4th, 2019 where it informed investors and clients that Tesla, Inc. (NASDAQ:TSLA) is now rated as Buy. Their price target on the stock stands at $391. BofA/Merrill also rated TSLA as Upgrade on April 4th, 2019, with its price target of $125 suggesting that TSLA could surge by 15.63% from its current share price. Even though the stock has been trading at $274.96/share, analysts expect it to surge higher by -0.64% to reach $323.82/share. It started the day trading at $281.16 and traded between $270.44 and $273.20 throughout the trading session.
A look at its technical shows that TSLA’s 50-day SMA is 291.44 while its 200-day SMA stands at 312.27. At the moment, only of Tesla, Inc. shares were sold short. The company’s average trading volume currently stands at 8.73M shares, which means that the short-interest ratio is just 3.42 days. Over the past seven days, the company moved, with its shift of -5.53%. Looking further, the stock has dropped -18.44% over the past 90 days while it lost -3.06% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Baillie Gifford Co bought more TSLA shares, increasing its portfolio by +0.83% during the last quarter. This move now sees Baillie Gifford Co purchasing 108,931 shares in the last quarter, thus it now holds 13,234,382 shares of TSLA, with a total valuation of $4,233,414,114. T Rowe Price Associates Inc meanwhile sold more TSLA shares in the recently filed quarter, changing its stake to $2,858,986,678 worth of shares. Fidelity Management Research Co followed the path by decreasing its TSLA portfolio by -2.40% in the quarter. This means that Fidelity Management Research Co sold -213,689 shares in the last quarter and now controls 8,674,503 shares of the TSLA stock, with the valuation hitting $2,774,800,020.
Similarly, The Vanguard Group Inc increased its Tesla, Inc. shares by +9.58% during the recently filed quarter. After buying 661,712 shares in the last quarter, the firm now controls 7,571,924 shares of Tesla, Inc. which are valued at $2,422,107,049. In the same vein, Jennison Associates LLC increased its Tesla, Inc. shares by during the most recent reported quarter. The firm bought 505,076 shares during the quarter which increased its stakes to 5,322,358 shares and is now valued at $1,702,515,877. Following these latest developments, around 0.20% of Tesla, Inc. stocks are owned by institutional investors and hedge funds.