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NIO Inc. (NIO) closed on the most recent trading day at $ 43.68, or + 1.46% from the previous trading session. The change exceeded the S&P 500’s 0.33% loss on the day.
Prior to today, the company’s shares had lost 4.38% over the past month, behind the 1.77% loss in the Auto-Tires-Trucks sector and the 2.89% gain in the S&P 500 over the past month. of this period.
NIO will look to show some strength as the next publication of its results approaches.
For the full year, our Zacks consensus estimates project earnings of $ -0.65 per share and revenue of $ 5.19 billion, which would represent changes of +1.52. % and + 115.7%, respectively, compared to the previous year.
It’s also important to note the recent changes to analyst estimates for the NIO. These revisions generally reflect the latest short-term business trends, which can change frequently. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus EPS estimate has remained stagnant over the past month. NIO is currently a Zacks Rank # 3 (Hold).
The Automobile industry – Foreign is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 190, which places it in the bottom 26% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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NIO Inc. (NIO): Free Stock Analysis Report
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