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NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2-min read

NIO Inc. (NIO) closed at $46.07 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500's 0.2% gain on the day.

Prior to today's trading, shares of the company had gained 2.99% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 0.27% and lagged the S&P 500's gain of 3.28% in that time.

Investors will be hoping for strength from NIO as it approaches its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.65 per share and revenue of $5.19 billion, which would represent changes of +1.52% and +115.7%, respectively, from the prior year.

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Investors might also notice recent changes to analyst estimates for NIO. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NIO currently has a Zacks Rank of #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 232, putting it in the bottom 9% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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