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NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why
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NIO Inc. (NIO - Free Report) closed the most recent trading day at $5.82, moving -0.68% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq increased by 0.24%.
The the stock of company has fallen by 20.92% in the past month, lagging the Auto-Tires-Trucks sector's loss of 5.93% and the S&P 500's gain of 6.45%.
Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. On that day, NIO Inc. is projected to report earnings of -$0.51 per share, which would represent no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.29 billion, down 1.86% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been an 8.41% rise in the Zacks Consensus EPS estimate. NIO Inc. presently features a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.
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NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why
NIO Inc. (NIO - Free Report) closed the most recent trading day at $5.82, moving -0.68% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq increased by 0.24%.
The the stock of company has fallen by 20.92% in the past month, lagging the Auto-Tires-Trucks sector's loss of 5.93% and the S&P 500's gain of 6.45%.
Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. On that day, NIO Inc. is projected to report earnings of -$0.51 per share, which would represent no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.29 billion, down 1.86% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been an 8.41% rise in the Zacks Consensus EPS estimate. NIO Inc. presently features a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.