NIO (NYSE:NIO - Get Free Report) is projected to release its earnings data before the market opens on Friday, March 21st. Analysts expect NIO to post earnings of ($0.42) per share and revenue of $20.19 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
NIO Stock Down 7.1 %
Shares of NYSE NIO opened at $4.74 on Friday. NIO has a 52 week low of $3.61 and a 52 week high of $7.71. The business has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $4.82. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market cap of $9.89 billion, a P/E ratio of -3.14 and a beta of 1.81.
Analysts Set New Price Targets
Several brokerages have commented on NIO. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and dropped their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.30.
Check Out Our Latest Analysis on NIO
About NIO
(
Get Free Report)
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.
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