NIO (NIO) to Release Quarterly Earnings on Friday

NIO (NYSE:NIO) is projected to issue its quarterly earnings data 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. Parties that are interested in participating in the company’s conference call can do so using this link.

NIO Stock Performance

NIO stock opened at $5.17 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of -3.42 and a beta of 1.81. NIO has a 12 month low of $3.61 and a 12 month high of $7.71. The firm has a 50 day moving average of $4.41 and a two-hundred day moving average of $4.86.

Analysts Set New Price Targets

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