NIO (NIO) Projected to Post Earnings on Tuesday

NIO (NYSE:NIO) 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.