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NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, NIO Inc. (NIO - Free Report) closed at $20, marking a -1.77% move from the previous day. This change lagged the S&P 500's daily loss of 0.27%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Prior to today's trading, shares of the company had gained 14.57% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 17.28% and outpaced the S&P 500's gain of 7.36% in that time.
Wall Street will be looking for positivity from NIO Inc. as it approaches its next earnings report date.
NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.67 per share and revenue of $9.84 billion. These results would represent year-over-year changes of +36.19% and +75.61%, respectively.
Investors might also notice recent changes to analyst estimates for NIO Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 346.67% lower. NIO Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 196, putting it in the bottom 23% 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.
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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NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
In the latest trading session, NIO Inc. (NIO - Free Report) closed at $20, marking a -1.77% move from the previous day. This change lagged the S&P 500's daily loss of 0.27%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Prior to today's trading, shares of the company had gained 14.57% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 17.28% and outpaced the S&P 500's gain of 7.36% in that time.
Wall Street will be looking for positivity from NIO Inc. as it approaches its next earnings report date.
NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.67 per share and revenue of $9.84 billion. These results would represent year-over-year changes of +36.19% and +75.61%, respectively.
Investors might also notice recent changes to analyst estimates for NIO Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 346.67% lower. NIO Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 196, putting it in the bottom 23% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.