NIO (NIO) Projected to Post Quarterly Earnings on Tuesday

NIO (NYSE:NIO - Get Free Report) is anticipated 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 NIO traded up $0.13 during trading hours on Wednesday, reaching $4.35. 47,884,352 shares of the stock traded hands, compared to its average volume of 54,371,597. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. NIO has a 52-week low of $3.61 and a 52-week high of $7.71. The company's 50-day moving average price is $4.35 and its two-hundred day moving average price is $4.80. The company has a market cap of $9.07 billion, a P/E ratio of -2.88 and a beta of 1.81.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of 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 downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. The Goldman Sachs Group downgraded shares of NIO from a "neutral" rating to a "sell" rating and reduced their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. Macquarie downgraded shares of NIO from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Finally, HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.