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NIO Inc. (NIO) Gains But Lags Market: What You Should Know
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NIO Inc. (NIO - Free Report) closed the most recent trading day at $18.82, moving +0.37% from the previous trading session. This move lagged the S&P 500's daily gain of 1.24%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.15%.
Coming into today, shares of the company had lost 26.79% in the past month. In that same time, the Auto-Tires-Trucks sector lost 11.24%, while the S&P 500 lost 2.45%.
NIO Inc. will be looking to display strength as it nears its next earnings release, which is expected to be March 24, 2022. Our most recent consensus estimate is calling for quarterly revenue of $1.43 billion, up 40.56% from the year-ago period.
It is also important to note the recent changes to analyst estimates for NIO Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 57.9% lower. NIO Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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) Gains But Lags Market: What You Should Know
NIO Inc. (NIO - Free Report) closed the most recent trading day at $18.82, moving +0.37% from the previous trading session. This move lagged the S&P 500's daily gain of 1.24%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.15%.
Coming into today, shares of the company had lost 26.79% in the past month. In that same time, the Auto-Tires-Trucks sector lost 11.24%, while the S&P 500 lost 2.45%.
NIO Inc. will be looking to display strength as it nears its next earnings release, which is expected to be March 24, 2022. Our most recent consensus estimate is calling for quarterly revenue of $1.43 billion, up 40.56% from the year-ago period.
It is also important to note the recent changes to analyst estimates for NIO Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 57.9% lower. NIO Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.