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

Zacks Equity Research

NIO Inc. (NIO) closed the most recent trading day at $4.67, moving -0.85% from the previous trading session. This change lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.84%, and the Nasdaq, a tech-heavy index, added 0.97%.

Coming into today, shares of the company had gained 2.61% in the past month. In that same time, the Auto-Tires-Trucks sector lost 5.42%, while the S&P 500 lost 1.68%.

NIO will be looking to display strength as it nears its next earnings release, which is expected to be May 28, 2019.

Investors should also note any recent changes to analyst estimates for NIO. 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.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NIO is currently sporting a Zacks Rank of #2 (Buy).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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Zacks Investment Research