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NIO Inc. (NIO) Gains But Lags Market: What You Should Know

Zacks Equity Research
Updated ·2-min read

NIO Inc. (NIO) closed the most recent trading day at $17.33, moving +0.81% from the previous trading session. This move lagged the S&P 500's daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.24%.

Heading into today, shares of the company had lost 13.31% over the past month, lagging the Auto-Tires-Trucks sector's loss of 6.75% and the S&P 500's loss of 9.93% in that time.

NIO Inc. will be looking to display strength as it nears its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.80 per share and revenue of $8.64 billion, which would represent changes of +23.81% and +54.25%, respectively, from the prior year.

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It is also important to note the recent changes to analyst estimates for NIO Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 26.86% lower within the past month. NIO Inc. is currently a Zacks Rank #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research