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NIO Inc. (NIO) closed at $ 7.63 during the last trading session, marking an increase of + 0.13% over the previous day. The stock has exceeded the daily loss of 0.35% of the S & P 500. At the same time, the Dow has lost 0.4% and the Nasdaq, a technology-based index, lost 0.39%.
Today, the company's shares have risen 16.34% over the past month, outperforming the 0.6% gain in Auto-Tires-Trucks and 4.48% for the S & P. 500.
Investors are hopeful that NIO will be strong in anticipation of the release of its next results, which is expected to take place on March 5, 2019.
Investors should also take note of any recent changes in analysts' estimates for NIO. These recent revisions tend to reflect the evolving nature of short-term business trends. In this spirit, we can consider revisions of positive estimates as a sign of optimism about the company's business prospects.
Based on our research, we believe that these revisions are directly related to stock movements near the teams. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and usable scoring model.
The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It has been remarkably successful, unverified, with No. 1 stock offering an average annual return of + 25% since 1988. Over the past month, the Zacks Consensus EPS estimate has decreased by 3.86%. NIO currently has Rank 4 of Zacks (Sell).
The Automobile – Foreign sector is part of the Auto-Tires-Trucks segment. This group has a ranking of 186 in the Zacks industry, placing it in the bottom 28% of the 250+ industries.
The Zacks industry ranking is ranked from best to worst in terms of Zacks' average ranking of individual companies in each of these sectors. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all these stock transfer steps, and more, on Zacks.com.
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NIO Inc. (NIO): Free Stock Analysis Report
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
NIO Inc. (NIO): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks Investment Research
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