NIO emblem” title=”NIO emblem” class=”companylogo”/>Equities analysts anticipate that Nio Inc – (NYSE:NIO) will put up earnings per share (EPS) of ($0.14) for the present quarter, in line with Zacks. Zero analysts have made estimates for NIO‘s earnings. NIO posted earnings per share of ($0.39) in the identical quarter final 12 months, which might recommend a optimistic year-over-year progress price of 64.1%. The agency is scheduled to subject its subsequent earnings outcomes on Wednesday, March 17th.
On common, analysts anticipate that NIO will report full-year earnings of ($0.67) per share for the present monetary 12 months, with EPS estimates starting from ($0.73) to ($0.61). For the subsequent 12 months, analysts anticipate that the enterprise will put up earnings of ($0.45) per share, with EPS estimates starting from ($0.52) to ($0.39). Zacks Funding Analysis’s EPS averages are a median based mostly on a survey of sell-side analysts that that present protection for NIO.
A number of brokerages have weighed in on NIO. JPMorgan Chase & Co. boosted their price goal on NIO from $40.00 to $46.00 in a analysis report on Monday, November ninth. Piper Sandler reissued a “impartial” score and set a $14.00 goal price (up from $4.00) on shares of NIO in a analysis be aware on Wednesday, August 12th. Credit score Suisse Group boosted their goal price on NIO from $17.50 to $25.00 in a analysis be aware on Thursday, September third. Bank of America boosted their goal price on NIO from $23.00 to $54.70 and gave the corporate a “purchase” score in a analysis be aware on Wednesday, November 18th. Lastly, HSBC initiated protection on NIO in a analysis be aware on Friday, October 30th. They set a “maintain” score and a $30.00 goal price on the stock. Three equities analysis analysts have rated the stock with a promote score, 4 have assigned a maintain score and 7 have issued a purchase score to the stock. The corporate presently has a consensus score of “Maintain” and a consensus price goal of $24.31.
A lot of hedge funds have just lately modified their holdings of NIO. Advisory Alpha LLC bought a brand new stake in NIO within the third quarter worth $28,000. Eudaimonia Companions LLC purchased a brand new stake in NIO within the third quarter worth $30,000. O Shaughnessy Asset Administration LLC purchased a brand new stake in NIO within the third quarter worth $31,000. CNB Bank boosted its holdings in NIO by 200.0% within the third quarter. CNB Bank now owns 1,500 shares of the corporate’s stock worth $32,000 after buying an extra 1,000 shares within the final quarter. Lastly, Bank Julius Baer & Co. Ltd Zurich purchased a brand new stake in NIO within the third quarter worth $34,000. 39.43% of the stock is at present owned by institutional traders.
NIO stock traded up $0.18 throughout noon buying and selling on Thursday, hitting $53.69. The corporate had a buying and selling quantity of 204,508,537 shares, in comparison with its common quantity of 106,378,570. NIO has a 52 week low of $2.11 and a 52 week excessive of $57.20. The stock’s 50 day shifting common price is $34.73 and its 200 day shifting common price is $17.54. The stock has a market cap of $55.09 billion, a price-to-earnings ratio of -47.10 and a beta of two.61.
NIO Inc designs, manufactures, and sells electrical autos within the Individuals’s Republic of China. The corporate can also be concerned within the manufacture of e-powertrain, battery packs, and parts; and racing administration, expertise improvement, and gross sales and after-sales administration actions. As well as, it gives energy options for battery charging wants; and different value-added providers.
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