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In the last trading session, NIO Inc. (NIO) closed at $ 2.98, marking an increase of 1.02% over the previous day. This evolution exceeded the 0.09% daily gain of the S & P 500. Elsewhere, the Dow Jones gained 0.26%, while the Nasdaq, very focused on technology, lost 0.17%.
Today, shares of the company had lost 6.94% last month. At the same time, the heavy-duty vehicle sector gained 2.65%, while the S & P 500 sector gained 4.92%.
Investors are hopeful that NIO will be strong in anticipation of the release of its next results, which is expected to take place on September 24, 2019.
Nacks consensus estimates for the full year of NIO expect a profit of $ 1.34 per share and a business figure of $ 1.79 billion. These results would represent variations of one year on the other of + 65.64% and + 148.83%, respectively.
Investors may also notice recent changes in analysts' estimates for NIO. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.
Our research shows that these estimation changes are directly related to short-term share prices. To take advantage of this, we have developed the Zacks Rank, an exclusive model that takes into account these changes in estimates and provides a usable scoring system.
The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It displays outstanding success, unverified, with No. 1 stock offering an average annual return of + 25% since 1988. The Zacks Consensus EPS estimate remained stagnant last month. NIO is currently ranked 3 by Zacks (pending).
The Automobile – Foreign sector is part of the Auto-Tires-Trucks segment. The Zacks sector is currently ranked in the 229 category, placing it in the bottom 11% of 250+ industries.
The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to follow all these stock transfer measures, and more, in the next trading sessions.
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NIO Inc. (NIO): Free Stock Analysis Report
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To read this article on Zacks.com, click here."data-reactid =" 28 ">
Want the latest recommendations from Zacks Investment Research? 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.
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