NIO (NIO) to Release Earnings on Friday

NIO (NYSE:NIO - Get Free Report) is anticipated to announce its earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of ($0.42) per share and revenue of $20.19 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

NIO Stock Up 2.3 %

Shares of NIO traded up $0.12 on Monday, hitting $5.02. 37,709,353 shares of the stock traded hands, compared to its average volume of 55,073,433. The business has a 50 day simple moving average of $4.38 and a 200 day simple moving average of $4.84. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. NIO has a one year low of $3.61 and a one year high of $7.71. The company has a market capitalization of $10.47 billion, a PE ratio of -3.32 and a beta of 1.81.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Macquarie cut shares of NIO from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. 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, JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.