NIO (NIO) Expected to Announce Quarterly Earnings on Friday

NIO (NYSE:NIO) 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 interested in listening to the company’s earnings conference call can do so using this link.

NIO Trading Up 3.1 %

Shares of NIO stock opened at $5.19 on Wednesday. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The stock’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $4.86. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market cap of $10.82 billion, a PE ratio of -3.43 and a beta of 1.81.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NIO shares. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. 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 research note on Tuesday, February 4th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and cut their target price for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.03.

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.