Quarterly Earnings
NIO (NYSE:NIO-Get Rating) will release its earnings data before the market opens on Thursday, June 9th. NIO has set its Q1 2022 guidance at EPS.Investors that are interested in registering for the company's conference call can do so usingthis link.
NIO (NYSE:NIO-Get Rating) last posted its quarterly earnings data on Thursday, March 24th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.43 billion. NIO had a negative net margin of 29.03% and a negative return on equity of 37.30%. During the same period in the prior year, the firm earned ($0.16) EPS. On average, analysts expect NIO to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Reaction of the market
NYSE NIO opened at $17.57 on Thursday. The firm has a 50-day moving average price of $17.86 and a two-hundred day moving average price of $24.43. NIO has a 12-month low of $11.67 and a 12-month high of $55.13. The company has a quick ratio of 2.11, a current ratio of 2.18 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $29.32 billion, a P/E ratio of -16.89 and a beta of 2.46.
Several equities analysts recently commented on NIO shares. Mizuho dropped their price objective on shares of NIO from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, March 28th. Bank of America upgraded shares of NIO from a "neutral" rating to a "buy" rating and set a $26.00 price target for the company in a research report on Monday, May 16th. CLSA decreased their price objective on shares of NIO from $60.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, February 16th. Barclays began coverage on shares of NIO in a research report on Tuesday, February 8th. They set an "overweight" rating and a $34.00 price objective for the company. Finally, UBS Group upgraded shares of NIO from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $42.00 to $32.00 in a research report on Monday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, NIO has an average rating of "Buy" and a consensus target price of $47.23.
Hedge funds have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of NIO in the 4th quarter worth approximately $354,000. Sei Investments Co. increased its stake in shares of NIO by 33.1% in the fourth quarter. Sei Investments Co. now owns 232,773 shares of the company's stock worth $7,374,000after buying an additional 57,849 shares during the period. Advisors Asset Management Inc. increased its position in NIO by 626.3% during the 4th quarter. Advisors Asset Management Inc. now owns 10,582 shares of the company's stock valued at $335,000 after purchasing an additional 9,125 shares during the period. 1832 Asset Management L.P. increased its position in NIO by 158.8% during the 4th quarter. 1832 Asset Management L.P. now owns 2,200 shares of the company's stock valued at $75,000 after purchasing an additional 1,350 shares during the period. Finally, NEXT Financial Group Inc increased its position in NIO by 10.3% during the 4th quarter. NEXT Financial Group Inc now owns 15,430 shares of the company's stock valued at $489,000 after purchasing an additional 1,435 shares during the period. Institutional investors own 42.98% of the company's stock.
NIO Company Profile(Get Rating)
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.
source：marketbeat
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