NIO (NIO) to Release Quarterly Earnings on Friday

NIO (NYSE:NIO) will likely be announcing its earnings results 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

NIO Stock Up 3.1 %

NYSE:NIO opened at $5.19 on Wednesday. The stock has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $4.86. NIO has a 52-week low of $3.61 and a 52-week high of $7.71. The company has a market cap of $10.82 billion, a PE ratio of -3.43 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

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