NIO (NIO) Projected to Post Quarterly Earnings on Tuesday

NIO (NYSE:NIO - Get Free Report) is expected to be issuing 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 Stock Performance

NYSE NIO traded down $0.38 on Monday, reaching $4.25. 79,742,462 shares of the company's stock traded hands, compared to its average volume of 51,739,605. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of -2.81 and a beta of 1.68. The stock has a 50 day moving average price of $4.36 and a 200-day moving average price of $4.80. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

Wall Street Analysts Forecast Growth

NIO has been the subject of a number of research reports. Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Macquarie downgraded shares of NIO from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. The Goldman Sachs Group cut shares of NIO from a "neutral" rating to a "sell" rating and cut their price objective for the company from $4.80 to $3.90 in a report on Monday, November 25th. Finally, HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a report 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. According to MarketBeat.com, NIO currently 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.