NIO (NIO) Projected to Post Earnings on Tuesday

NIO (NYSE:NIO - Get Free Report) is expected to release its earnings data before the market opens on Tuesday, March 4th. Analysts expect NIO to post earnings of ($0.42) per share and revenue of $20.19 billion for the quarter.

NIO Trading Down 3.4 %

NIO stock traded down $0.17 during midday trading on Friday, hitting $4.63. The company had a trading volume of 60,670,699 shares, compared to its average volume of 51,013,516. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -3.06 and a beta of 1.69. NIO has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock's 50 day moving average price is $4.36 and its 200 day moving average price is $4.78.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Macquarie cut shares of NIO from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. The Goldman Sachs Group lowered shares of NIO from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, HSBC cut NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO presently has a consensus rating of "Hold" and a consensus target price of $5.38.

About NIO

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.