NIO Inc. (NIO) Stock Falls as Market Rises: Know Before You Trade

NIO Inc. (NIO) completed last trading day at $6.28, down 0.32%. The stock lagged the S&P 500, which gained 0.88% daily. Meanwhile, the Dow rose 0.54% and the tech-heavy Nasdaq rose 1.35%.

Over the last month, the company's shares have down 20.46%, lagging the Auto-Tires-Trucks sector's 6.42% loss and the S&P 500's 0.64% gain.

NIO Inc.'s earnings release will be eagerly watched by investors. EPS is expected to rise 1.96% to -$0.50 from the same period last year. Our latest average estimate is $2.29 billion in revenue, down 1.86% from the previous quarter.

Investors should note any recent NIO Inc. analyst estimate changes. These adjustments reflect short-term business patterns that alter often. Thus, optimistic estimate changes imply analysts' optimism about the company's commercial health and profitability.

Our study reveals that estimate modifications directly affect near-term stock prices. Our quantitative Zacks Rank rating system uses these estimate revisions to capitalize on this.

Starting at #1 (Strong Buy) and ending at #5 (Strong Sell), the Zacks Rank methodology has outperformed the market since 1988, with #1 stocks returning an average of +25% annually. Our consensus EPS prediction rose 14.81% in 30 days. NIO Inc. has a #2 (Buy) Zacks Rank.

Automotive-Foreign is part of Auto-Tires-Trucks. The Zacks Industry Rank of 57 places this industry in the top 23% of 250+ industries.

By evaluating the average Zacks Rank of individual companies within industry groupings, the Zacks Industry Rank measures their strength. Our analysis reveals that the top 50% of ranked sectors outperform the bottom half 2 to 1.

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