|Bid||7.42 x 21500|
|Ask||7.42 x 4000|
|Day's range||7.30 - 7.57|
|52-week range||7.00 - 16.18|
|Beta (5Y monthly)||1.99|
|PE ratio (TTM)||N/A|
|Earnings date||28 Feb 2024 - 04 Mar 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The average of price targets set by Wall Street analysts indicates a potential upside of 64.2% in NIO Inc. (NIO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
NIO Inc. (NIO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
In this video, I will talk about Nio (NYSE: NIO) and its recent earnings report, which was well received by investors because of the focus on profitability. But I'll explain why investors should exercise caution before celebrating prematurely.