NIO (NYSE:NIO) announced its quarterly earnings data on Monday. The company reported ($2.38) EPS for the quarter, missing the consensus estimate of ($0.42) by ($1.96), Briefing.com reports. NIO had a negative net margin of 142.51% and a negative return on equity of 419.25%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.65 billion. NIO’s quarterly revenue was up 21.8% compared to the same quarter last year. NIO updated its Q4 2019
Pre-Market guidance to EPS.
Shares of NIO stock opened at $4.02 on Wednesday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -0.39 and a beta of 2.43. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.80 and a current ratio of 0.97. NIO has a one year low of $1.19 and a one year high of $10.64. The company’s 50-day moving average is $2.33 and its 200 day moving average is $2.53.
A number of equities research analysts have weighed in on NIO shares. China Renaissance Securities assumed coverage on shares of NIO in a report on Thursday, September 26th. They issued a “hold” rating and a $2.00 price objective on the stock. Piper Jaffray Companies lifted their target price on shares of NIO from $2.20 to $4.15 and gave the company a “neutral” rating in a report on Monday. Morgan Stanley cut NIO from an “overweight” rating to an “equal” rating and dropped their price target for the stock from $3.50 to $2.40 in a research report on Thursday, September 26th. Goldman Sachs Group downgraded NIO from a “buy” rating to a “neutral” rating and cut their price target for the stock from $9.76 to $1.47 in a research note on Friday, October 4th. Finally, Wolfe Research lowered NIO from an “outperform” rating to a “peer perform” rating and set a $1.90 price objective for the company. in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.18.
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.
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