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Nio Inc

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finance1 year ago

"Nio Stock Plummets as Analysts Warn of Growing Competition and Profitability Concerns"

Nio Inc.'s stock dropped 6.6% after J.P. Morgan advised selling due to potential sales impact from competition's new launches. Analyst Nick YC Lai downgraded the stock to underweight, citing slow January sales and concerns over future sales and earnings momentum. Nio's lack of new models and increasing competition from peers like XPeng Inc. and BYD Co. Ltd. are key concerns. Lai cut his 2024 revenue estimate for Nio and widened the adjusted per-share loss estimate, but noted the company's efforts to reduce costs and protect margins amidst price cuts by competitors.

via MarketWatch|
#analyst-downgrade#competition#electric-vehicles
finance1 year ago

"NIO Inc. (NIO): What Investors Should Know About the Stock's Potential Upside"

NIO Inc. (NIO) has garnered significant investor interest, with a focus on its future performance. Analysts emphasize the importance of earnings estimate revisions in determining stock value, with NIO expected to post a loss for the current quarter but showing positive changes in consensus estimates for the current and next fiscal years. Revenue growth estimates for the company are mixed, and its valuation suggests it is trading at par with its peers. The Zacks Rank #2 (Buy) for NIO Inc. indicates potential outperformance in the near term.

via Yahoo Finance|
#earnings-estimates#finance#nio-inc
finance2 years ago

"NIO Inc. (NYSE:NIO) Plunges 15%, Inflicting Losses on Both Individual Investors and Institutions"

Individual investors, who own 32% of NIO Inc. (NYSE:NIO), suffered significant losses after a 15% drop in the stock price last week, while institutions, with a 29% ownership, also experienced losses. The top 6 shareholders collectively own 53% of the company, indicating significant influence from the larger public. Analysts suggest that studying institutional ownership and analyst sentiments, along with insider and public company ownership, is crucial for understanding the dynamics of NIO's stock.

via Yahoo Finance|
#finance#individual-investors#institutional-ownership
finance2 years ago

"NIO Stock: Investor Attention, Downgrades, and Future Projections"

NIO Inc. (NIO) has attracted investor attention as one of the most searched stocks on Zacks.com. The company's stock performance has outperformed the Zacks S&P 500 composite, and its earnings estimate revisions have resulted in a Zacks Rank #2 (Buy). While the company's revenue growth estimates show potential, its valuation is graded as average. Investors may want to consider the stock's future direction and the market buzz surrounding NIO Inc.

via Yahoo Finance|
#earnings-estimate-revisions#finance#nio-inc
business2 years ago

"Tariff Threats Loom Over Chinese EVs as Nio's Stock Rises"

Shares of Nio Inc. rose despite a report that the Biden administration is considering raising tariffs on electric vehicles made in China. The stock had previously tumbled, but investors seemed unfazed by the news. Other China-based EV makers had mixed results. The report stated that the administration is discussing raising tariffs on goods including EVs, EV battery packs, and solar products. It's worth noting that EVs from China already face a 25% tariff. Nio's stock has dropped this year, while Xpeng and Li Auto have seen gains.

via MarketWatch|
#business#china#evs
business2 years ago

Nio Contemplates Further Job Cuts Amidst Staff Reductions

Chinese electric vehicle maker Nio Inc is considering further job cuts, potentially expanding the original 10% reduction to 20% to 30% within certain departments. The cuts would primarily affect non-core businesses or those that do not generate quick returns or require heavy investment. Nio's decision to cut jobs comes as it aims to improve efficiency and reduce costs amid increased competition and weakened demand for electric vehicles in China.

via Reuters|
#business#competition#efficiency
business2 years ago

Nio Inc. Reports Narrower Losses, Stock Jumps 4%

NIO Inc., a Chinese electric vehicle manufacturer, reported a Q3 2023 loss of $2.28 EPS, missing expectations of $0.43 EPS. Despite the earnings miss, NIO delivered 55,432 electric vehicles in Q3, a 75.4% YoY increase, and ranked first in China's EV segment with a market share above 45%. The company also highlighted the launch of the All-New EC6 and the expansion of its sales, service, and power networks. NIO's CEO expressed confidence in the company's long-term competitiveness and announced plans to unveil a new flagship model at NIO Day on December 23.

via Yahoo Finance|
#business#electric-vehicles#financial-performance
finance2 years ago

"NIO Inc. Outperforms Market: Key Considerations"

NIO Inc. (NIO) closed higher than the previous trading session, outperforming the S&P 500. However, the stock has lost 3.62% over the past month, lagging behind the Auto-Tires-Trucks sector. The upcoming earnings release on December 5, 2023, will be closely watched, with expectations of a decrease in EPS and an increase in revenue compared to the prior year. Analyst forecasts and recent revisions should be monitored as they can impact stock price performance. NIO Inc. currently holds a Zacks Rank of #2 (Buy) and belongs to the Automotive - Foreign industry, which ranks in the top 16% of all industries according to Zacks Industry Rank.

via Yahoo Finance|
#analyst-forecasts#earnings-report#finance
business2 years ago

NIO Inc. Reports Impressive 60% Increase in October Deliveries

NIO Inc., a leading company in the premium smart electric vehicle market, announced that it delivered 16,074 vehicles in October 2023, a 59.8% increase compared to the previous year. The cumulative deliveries of NIO vehicles reached 415,623 as of October 31, 2023. Additionally, NIO's ET5T model received a five-star safety rating from the European New Car Assessment Programme (Euro NCAP). NIO remains committed to providing the highest safety standards and a joyful experience for its users.

via Yahoo Finance|
#business#delivery-update#electric-vehicles
finance2 years ago

NIO Inc. (NIO) Gains, Market Lags: Key Takeaways

NIO Inc. (NIO) closed at $7.52, up 1.08% from the previous day, but lagged behind the overall market gains. The company's shares have seen a decrease of 17.7% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 9.27% and the S&P 500's loss of 3.58%. Analysts expect NIO Inc. to post earnings of -$0.43 per share in its upcoming release, a year-over-year decline of 19.44%. The Zacks Consensus Estimates predict earnings of -$1.79 per share and a revenue of $8.59 billion for the entire fiscal year, indicating changes of -38.76% and +18.34%, respectively, from the previous year. NIO Inc. currently holds a Zacks Rank of #4 (Sell).

via Yahoo Finance|
#analyst-estimates#earnings-performance#finance