NIO (NIO) Projected to Post Earnings on Tuesday

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

NIO Price Performance

Shares of NYSE NIO opened at $4.37 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of -2.89 and a beta of 1.69. The firm's 50 day simple moving average is $4.35 and its 200-day simple moving average is $4.77. NIO has a 12 month low of $3.61 and a 12 month high of $7.71.

Wall Street Analyst Weigh In

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.