NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2 min read
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NIO Inc. (NIO) closed at $20.90 in the latest trading session, marking a -0.99% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.

Heading into today, shares of the company had lost 34.89% over the past month, lagging the Auto-Tires-Trucks sector's loss of 18.6% and the S&P 500's loss of 9.65% in that time.

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

Any recent changes to analyst estimates for NIO Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NIO Inc. is holding a Zacks Rank of #2 (Buy) right now.

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 26% 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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