NIO (NIO) Stock Forecast, Price Target & Predictions
NIO Stock Forecast
NIO stock forecast is as follows: an average price target of $20.75 (represents a 273.87% upside from NIO’s last price of $5.55) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
NIO Price Target
The average price target for NIO (NIO) is $20.75 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $83.00 to $4.00. This represents a potential 273.87% upside from NIO's last price of $5.55.
NIO Analyst Ratings
According to 23 Wall Street analysts, NIO's rating consensus is 'Buy'. The analyst rating breakdown for NIO stock is 0 'Strong Buy' (0.00%), 13 'Buy' (56.52%), 9 'Hold' (39.13%), 1 'Sell' (4.35%), and 0 'Strong Sell' (0.00%).
NIO Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 05, 2024 | Bo Pei | US Tiger Securities | $8.00 | $4.85 | 64.95% | 44.14% |
| Sep 05, 2024 | Vijay Rakesh | Mizuho Securities | $5.00 | $4.85 | 3.09% | -9.91% |
| Sep 05, 2024 | Ming Hsun Lee | Bank of America Securities | $5.30 | $4.85 | 9.28% | -4.50% |
| Sep 05, 2024 | Tim Hsiao | Morgan Stanley | $6.10 | $4.50 | 35.56% | 9.91% |
| Sep 05, 2024 | Jeff Chung | Citigroup | $7.00 | $4.50 | 55.38% | 26.13% |
| Jun 07, 2024 | Jason Getz | Mizuho Securities | $5.50 | $4.80 | 14.46% | -0.90% |
| Jun 07, 2024 | Tina Hou | Goldman Sachs | $4.10 | $4.80 | -14.67% | -26.13% |
| Apr 02, 2024 | Jiong Shao | Barclays | $4.00 | $4.64 | -13.79% | -27.93% |
| Apr 01, 2024 | Tim Hsiao | Morgan Stanley | $10.00 | $4.64 | 115.57% | 80.18% |
| Mar 14, 2024 | Paul Gong | UBS | $7.20 | $5.58 | 29.03% | 29.73% |
The latest NIO stock forecast, released on Sep 05, 2024 by Bo Pei from US Tiger Securities, set a price target of $8.00, which represents a 64.95% increase from the stock price at the time of the forecast ($4.85), and a 44.14% increase from NIO last price ($5.55).
NIO Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 5 | 12 |
| Avg Price Target | $6.28 | $6.28 | $6.30 |
| Last Closing Price | $5.55 | $5.55 | $5.55 |
| Upside/Downside | 13.15% | 13.15% | 13.51% |
In the current month, the average price target of NIO stock is $6.28, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 13.15% increase as opposed to NIO's last price of $5.55. This month's average price target is down 0.00% compared to last quarter, and down -0.32% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | Piper Sandler | - | Overweight | Upgrade |
| Sep 05, 2024 | US Tiger Securities | Buy | Buy | Hold |
| Sep 05, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Sep 05, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 05, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 05, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jun 08, 2024 | Barclays | Underweight | Underweight | Hold |
| Jun 07, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jun 07, 2024 | Mizuho Securities | Neutral | Neutral | Hold |
| Jun 07, 2024 | Bernstein | Market Perform | Market Perform | Hold |
NIO's last stock rating was published by Piper Sandler on Sep 06, 2024. The company Upgrade its NIO rating from "null" to "Overweight".
NIO Financial Forecast
NIO Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.68B | $16.06B | $13.00B | $10.29B | $9.91B | $9.90B | $9.81B | $8.45B | $7.98B | $6.64B | $4.53B | $3.72B | $1.37B | $2.85B | $1.84B |
| Avg Forecast | $30.45B | $28.41B | $26.46B | $23.90B | $33.01B | $28.58B | $26.39B | $21.25B | $23.14B | $19.60B | $17.48B | $10.44B | $18.12B | $19.24B | $9.15B | $11.81B | $17.03B | $13.13B | $9.84B | $9.92B | $9.78B | $9.23B | $8.50B | $6.85B | $6.61B | $4.36B | $3.50B | $1.29B | $2.80B | $1.71B |
| High Forecast | $30.64B | $28.58B | $26.62B | $24.05B | $33.21B | $28.75B | $26.55B | $21.38B | $23.28B | $19.72B | $17.58B | $10.51B | $18.23B | $19.36B | $9.21B | $11.88B | $17.13B | $13.21B | $9.84B | $9.92B | $9.78B | $9.23B | $8.50B | $6.85B | $6.61B | $4.36B | $3.50B | $1.29B | $2.80B | $1.71B |
| Low Forecast | $30.14B | $28.12B | $26.19B | $23.66B | $32.67B | $28.28B | $26.12B | $21.03B | $22.90B | $19.40B | $17.30B | $10.34B | $17.93B | $19.04B | $9.06B | $11.69B | $16.85B | $13.00B | $9.84B | $9.92B | $9.78B | $9.23B | $8.50B | $6.85B | $6.61B | $4.36B | $3.50B | $1.29B | $2.80B | $1.71B |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 3 | 2 | - | 1 | - | - | - | - | - | - | - | - | - | - | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.94% | 0.99% | 1.05% | 1.00% | 1.01% | 1.06% | 0.99% | 1.16% | 1.01% | 1.04% | 1.06% | 1.07% | 1.02% | 1.08% |
NIO's average Quarter revenue forecast for Jun 23 based on 0 analysts is $9.15B, with a low forecast of $9.06B, and a high forecast of $9.21B. NIO's average Quarter revenue forecast represents a -14.29% decrease compared to the company's last Quarter revenue of $10.68B (Mar 23).
NIO EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 3 | 2 | - | 1 | - | - | - | - | - | - | - | - | - | - | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-4.66B | $-5.82B | $-4.00B | $-2.69B | $-1.67B | $-1.24B | $-754.88M | $-524.77M | $-23.25M | $-859.32M | $-935.22M | $-699.42M | $-1.58B | $-2.23B | $-2.42B |
| Avg Forecast | $-11.91B | $-11.11B | $-10.35B | $-9.35B | $-12.91B | $-11.18B | $-10.32B | $-8.31B | $-9.05B | $-7.67B | $-6.84B | $-4.08B | $-7.09B | $-7.52B | $-3.58B | $-4.62B | $-6.66B | $-5.14B | $-3.85B | $-3.88B | $-3.83B | $-3.61B | $-3.32B | $-25.78M | $-2.58B | $-1.70B | $-1.37B | $-1.79B | $-1.10B | $-667.43M |
| High Forecast | $-11.79B | $-11.00B | $-10.24B | $-9.25B | $-12.78B | $-11.06B | $-10.21B | $-8.23B | $-8.96B | $-7.59B | $-6.77B | $-4.04B | $-7.01B | $-7.45B | $-3.54B | $-4.57B | $-6.59B | $-5.08B | $-3.85B | $-3.88B | $-3.83B | $-3.61B | $-3.32B | $-20.63M | $-2.58B | $-1.70B | $-1.37B | $-1.43B | $-1.10B | $-667.43M |
| Low Forecast | $-11.98B | $-11.18B | $-10.41B | $-9.41B | $-12.99B | $-11.24B | $-10.38B | $-8.36B | $-9.10B | $-7.71B | $-6.88B | $-4.11B | $-7.13B | $-7.57B | $-3.60B | $-4.65B | $-6.70B | $-5.17B | $-3.85B | $-3.88B | $-3.83B | $-3.61B | $-3.32B | $-30.94M | $-2.58B | $-1.70B | $-1.37B | $-2.15B | $-1.10B | $-667.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.87% | 0.78% | 0.70% | 0.43% | 0.32% | 0.21% | 0.16% | 0.90% | 0.33% | 0.55% | 0.51% | 0.88% | 2.04% | 3.62% |
undefined analysts predict NIO's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than NIO's previous annual EBITDA (undefined) of $NaN.
NIO Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 3 | 2 | - | 1 | - | - | - | - | - | - | - | - | - | - | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-4.74B | $-5.79B | $-4.11B | $-2.76B | $-1.78B | $-2.14B | $-835.32M | $-587.11M | $-450.96M | $-1.39B | $-1.05B | $-1.18B | $-1.69B | $-2.86B | $-2.52B |
| Avg Forecast | $-992.39K | $-1.43M | $-1.75M | $-2.11M | $-2.98M | $-3.27M | $-3.41M | $-3.84M | $-4.06M | $-4.52M | $-4.53M | $-4.51M | $-4.90M | $-5.25M | $-6.06M | $-5.73M | $-3.72M | $-2.56M | $-2.44B | $-1.93B | $-1.78B | $-906.83M | $-1.24B | $-500.08M | $-792.07M | $-2.41B | $-3.48B | $-1.92B | $-3.74B | $-5.19B |
| High Forecast | $-979.17K | $-1.41M | $-1.73M | $-2.08M | $-2.94M | $-3.23M | $-3.36M | $-3.79M | $-4.01M | $-4.46M | $-4.47M | $-4.45M | $-4.83M | $-5.18M | $-5.98M | $-5.66M | $-3.67M | $-2.52M | $-2.44B | $-1.93B | $-1.78B | $-906.83M | $-1.24B | $-400.06M | $-792.07M | $-2.41B | $-3.48B | $-1.54B | $-3.74B | $-5.19B |
| Low Forecast | $-1.00M | $-1.44M | $-1.77M | $-2.12M | $-3.00M | $-3.30M | $-3.44M | $-3.87M | $-4.09M | $-4.56M | $-4.56M | $-4.55M | $-4.94M | $-5.29M | $-6.10M | $-5.78M | $-3.75M | $-2.58M | $-2.44B | $-1.93B | $-1.78B | $-906.83M | $-1.24B | $-600.09M | $-792.07M | $-2.41B | $-3.48B | $-2.30B | $-3.74B | $-5.19B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 826.66% | 1554.20% | 1607.67% | 1.13% | 0.92% | 1.20% | 0.92% | 0.47% | 0.90% | 1.75% | 0.43% | 0.34% | 0.88% | 0.77% | 0.49% |
NIO's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NIO's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
NIO SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 3 | 2 | - | 1 | - | - | - | - | - | - | - | - | - | - | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.45B | $3.53B | $2.71B | $2.28B | $2.01B | $2.36B | $1.82B | $1.50B | $1.20B | $1.13B | $681.65M | $936.79M | $848.35M | $1.55B | $1.16B |
| Avg Forecast | $9.49B | $8.85B | $8.24B | $7.45B | $10.28B | $8.90B | $8.22B | $6.62B | $7.21B | $6.11B | $5.44B | $3.25B | $5.64B | $5.99B | $2.85B | $3.68B | $5.30B | $4.09B | $3.07B | $3.09B | $3.05B | $2.87B | $2.65B | $1.33B | $2.06B | $1.36B | $1.09B | $962.99M | $872.84M | $531.66M |
| High Forecast | $9.54B | $8.90B | $8.29B | $7.49B | $10.34B | $8.96B | $8.27B | $6.66B | $7.25B | $6.14B | $5.48B | $3.27B | $5.68B | $6.03B | $2.87B | $3.70B | $5.34B | $4.12B | $3.07B | $3.09B | $3.05B | $2.87B | $2.65B | $1.59B | $2.06B | $1.36B | $1.09B | $1.16B | $872.84M | $531.66M |
| Low Forecast | $9.39B | $8.76B | $8.16B | $7.37B | $10.18B | $8.81B | $8.14B | $6.55B | $7.13B | $6.04B | $5.39B | $3.22B | $5.59B | $5.93B | $2.82B | $3.64B | $5.25B | $4.05B | $3.07B | $3.09B | $3.05B | $2.87B | $2.65B | $1.06B | $2.06B | $1.36B | $1.09B | $770.39M | $872.84M | $531.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 0.66% | 0.66% | 0.74% | 0.65% | 0.77% | 0.63% | 0.57% | 0.90% | 0.55% | 0.50% | 0.86% | 0.88% | 1.77% | 2.19% |
NIO's average Quarter SG&A projection for Jun 23 is $2.85B, based on 0 Wall Street analysts, with a range of $2.82B to $2.87B. The forecast indicates a 16.55% rise compared to NIO last annual SG&A of $2.45B (Mar 23).
NIO EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 3 | 2 | - | 1 | - | - | - | - | - | - | - | - | - | - | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-2.87 | $-3.51 | $-2.51 | $-1.69 | $-1.10 | $-1.33 | $-0.53 | $-0.42 | $-0.29 | $-1.05 | $-1.13 | $-1.15 | $-1.66 | $-2.81 | $-2.48 |
| Avg Forecast | $-0.48 | $-0.70 | $-0.85 | $-1.03 | $-1.45 | $-1.60 | $-1.66 | $-1.87 | $-1.98 | $-2.21 | $-2.21 | $-2.20 | $-2.39 | $-2.56 | $-2.95 | $-2.80 | $-1.82 | $-1.25 | $-1.19 | $-0.94 | $-0.87 | $-0.44 | $-0.61 | $-0.55 | $-0.39 | $-1.18 | $-1.70 | $-1.73 | $-1.83 | $-2.54 |
| High Forecast | $-0.48 | $-0.69 | $-0.84 | $-1.01 | $-1.43 | $-1.57 | $-1.64 | $-1.85 | $-1.95 | $-2.18 | $-2.18 | $-2.17 | $-2.36 | $-2.53 | $-2.92 | $-2.76 | $-1.79 | $-1.23 | $-1.19 | $-0.94 | $-0.87 | $-0.44 | $-0.61 | $-0.55 | $-0.39 | $-1.18 | $-1.70 | $-1.73 | $-1.83 | $-2.54 |
| Low Forecast | $-0.49 | $-0.70 | $-0.86 | $-1.04 | $-1.46 | $-1.61 | $-1.68 | $-1.89 | $-2.00 | $-2.22 | $-2.23 | $-2.22 | $-2.41 | $-2.58 | $-2.98 | $-2.82 | $-1.83 | $-1.26 | $-1.19 | $-0.94 | $-0.87 | $-0.44 | $-0.61 | $-0.55 | $-0.39 | $-1.18 | $-1.70 | $-1.73 | $-1.83 | $-2.54 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.93% | 2.01% | 1.42% | 1.17% | 1.53% | 1.20% | 0.69% | 0.53% | 2.71% | 0.96% | 0.68% | 0.96% | 1.54% | 0.98% |
According to undefined Wall Street analysts, NIO's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NIO previous annual EPS of $NaN (undefined).
NIO Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FSR | Fisker | $0.09 | $13.57 | 14977.78% | Buy |
| NIO | NIO | $5.55 | $20.75 | 273.87% | Buy |
| LCID | Lucid Group | $3.94 | $12.07 | 206.35% | Hold |
| XPEV | XPeng | $8.97 | $21.19 | 136.23% | Buy |
| RIVN | Rivian Automotive | $13.50 | $31.52 | 133.48% | Buy |
| LI | Li Auto | $19.12 | $34.81 | 82.06% | Buy |
| F | Ford Motor Company | $10.69 | $17.06 | 59.59% | Buy |
| TSLA | Tesla | $230.29 | $247.38 | 7.42% | Buy |
NIO Forecast FAQ
Is NIO a good buy?
Yes, according to 23 Wall Street analysts, NIO (NIO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 56.52% of NIO's total ratings.
What is NIO's price target?
NIO (NIO) average price target is $20.75 with a range of $4 to $83, implying a 273.87% from its last price of $5.55. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NIO stock go up soon?
According to Wall Street analysts' prediction for NIO stock, the company can go up by 273.87% (from the last price of $5.55 to the average price target of $20.75), up by 1395.50% based on the highest stock price target, and down by -27.93% based on the lowest stock price target.
Can NIO stock reach $8?
NIO's average twelve months analyst stock price target of $20.75 supports the claim that NIO can reach $8 in the near future.
What is NIO's current price target trend?
5 Wall Street analysts forecast a $6.28 price target for NIO (NIO) this month, up 13.15% from its last price of $5.55. Compared to the last 3 and 12 months, the average price target increased by 13.15% and increased by 13.51%, respectively.
What are NIO's analysts' financial forecasts?
NIO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $109.22B (high $109.88B, low $108.1B), average EBITDA is $-42.713B (high $-42.275B, low $-42.972B), average net income is $-13.501M (high $-13.321M, low $-13.607M), average SG&A $34.02B (high $34.23B, low $33.68B), and average EPS is $-6.586 (high $-6.498, low $-6.638). NIO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $109.23B (high $109.89B, low $108.11B), average EBITDA is $-42.716B (high $-42.278B, low $-42.975B), average net income is $-6.281M (high $-6.197M, low $-6.33M), average SG&A $34.03B (high $34.23B, low $33.68B), and average EPS is $-3.064 (high $-3.023, low $-3.088).
Did the NIO's actual financial results beat the analysts' financial forecasts?
Based on NIO's last annual report (Dec 2022), the company's revenue was $49.27B, which missed the average analysts forecast of $49.92B by -1.30%. Apple's EBITDA was $-14.187B, missing the average prediction of $-19.522B by -27.33%. The company's net income was $-14.437B, beating the average estimation of $-4.37B by 230.38%. Apple's SG&A was $10.54B, missing the average forecast of $15.55B by -32.24%. Lastly, the company's EPS was $-8.82, beating the average prediction of $-5.198 by 69.67%. In terms of the last quarterly report (Mar 2023), NIO's revenue was $10.68B, missing the average analysts' forecast of $11.81B by -9.57%. The company's EBITDA was $-4.663B, beating the average prediction of $-4.617B by 1.00%. NIO's net income was $-4.74B, beating the average estimation of $-5.733M by 82566.01%. The company's SG&A was $2.45B, missing the average forecast of $3.68B by -33.50%. Lastly, the company's EPS was $-2.87, beating the average prediction of $-2.797 by 2.61%