Zacks Research Forecasts NIO’s FY2024 Earnings (NYSE:NIO)

Nio Inc – (NYSE:NIO) – Research analysts at Zacks Research reduced their FY2024 earnings estimates for NIO in a report issued on Wednesday, December 4th. Zacks Research analyst L. Shahu now expects that the company will post earnings of ($1.46) per share for the year, down from their previous forecast of ($1.39). The consensus estimate for NIO’s current full-year earnings is ($1.41) per share. Zacks Research also issued estimates for NIO’s Q4 2024 earnings at ($0.40) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.26) EPS, FY2025 earnings at ($0.98) EPS, Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at $0.02 EPS and FY2026 earnings at $0.00 EPS.

Several other research firms also recently weighed in on NIO. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $5.30 to $8.00 in a research note on Friday, September 6th. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Bank of America lifted their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO currently has an average rating of “Hold” and a consensus price target of $5.71.

NIO Stock Performance

Shares of NIO stock opened at $5.18 on Monday. 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 stock’s fifty day moving average is $5.25 and its two-hundred day moving average is $4.84. NIO has a 52 week low of $3.61 and a 52 week high of $9.57. The company has a market capitalization of $8.90 billion, a PE ratio of -3.43 and a beta of 1.77.

Hedge Funds Weigh In On NIO

A number of institutional investors have recently bought and sold shares of the business. Ridgewood Investments LLC purchased a new position in shares of NIO during the 2nd quarter valued at about $25,000. Allspring Global Investments Holdings LLC purchased a new position in NIO during the third quarter valued at approximately $32,000. Baader Bank Aktiengesellschaft acquired a new position in NIO in the second quarter valued at approximately $53,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after acquiring an additional 2,651 shares during the period. Finally, Caprock Group LLC purchased a new stake in NIO in the 2nd quarter worth approximately $63,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.