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NIO Inc. (NIO) Stock Moves -0.19%: What You Should Know

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NIO Inc. (NIO) closed at $21.05 in the latest trading session, marking a -0.19% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.34%.

Prior to today's trading, shares of the company had gained 4.87% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 4.85% and the S&P 500's gain of 1.51% in that time.

Wall Street will be looking for positivity from NIO Inc. as it approaches its next earnings report date.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.63 per share and revenue of $9.1 billion, which would represent changes of +40% and +62.46%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for NIO Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 remained stagnant within the past month. NIO Inc. is currently sporting a Zacks Rank of #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 34% 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.

To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.


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