NIO (NIO) to Release Quarterly Earnings on Friday

NIO (NYSE:NIO) is expected 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 registering for the company’s earnings conference call can do so using this link.

NIO Trading Down 0.5 %

Shares of NIO stock opened at $5.17 on Thursday. NIO has a 52-week low of $3.61 and a 52-week high of $7.71. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of -3.42 and a beta of 1.81. 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 firm has a fifty day moving average of $4.41 and a 200-day moving average of $4.86.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NIO. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.03.

About NIO

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.