Followers | 680 |
Posts | 141116 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Wednesday, May 11, 2022 11:19:08 AM
By: 24/7 Wall St. | May 11, 2022
• Here is a look at three more companies set to report results after Thursday’s close.
Nio
Shares of China-based electric vehicle maker Nio Inc. (NYSE: NIO) have plunged by nearly 64% over the past 12 months. From a 52-week high posted in late June, the stock is down by 75%. The company delivered nearly 26,000 vehicles in the first quarter.
Nio also has been identified as one of more than 80 China-based companies that may be kicked off U.S. stock exchanges for failing to meet recently enacted federal accounting requirements. The company completed a secondary listing in Singapore on Tuesday. The company has until May 25 to dispute the federal listing that could get the stock delisted.
There are 25 analyst ratings on Nio’s stock, and 22 of those are Buy or Strong Buy ratings. At a share price of around $13.50, the upside potential based on a median price target of $32.16 is about 138%. At the high target of $82.29, the upside potential is 510%.
For the first quarter of fiscal 2022, the consensus estimates call for revenue of $1.46 billion, down 6% sequentially and up 19.7% year over year. Nio is expected to post an adjusted loss per share of $0.17, flat sequentially, and worse than the year-ago loss of $0.04 per share. For the full year, the company is expected to report a per-share loss of $0.50, worse than the $0.30 loss last year, on sales of $9.37 billion, up about 65%.
Analysts estimate that Nio will trade at 59.8 times earnings in 2024. Until then, the company is not expected to post a profit. The enterprise value-to-sales multiple is expected to be 1.9 in 2022 and 1.1 in 2023. The stock’s 52-week range is $12.86 to $55.13, and the low was posted Tuesday. The company does not pay a dividend. Total shareholder return for the past year is negative 60.9%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent NIO News
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- NIO Inc. Provides April 2024 Delivery Update • GlobeNewswire Inc. • 05/01/2024 09:30:24 AM
- Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News • IH Market News • 04/15/2024 11:06:48 AM
- NIO Inc. Files Its 2023 Annual Report on Form 20-F • GlobeNewswire Inc. • 04/09/2024 10:11:21 AM
- NIO Inc. Provides March and First Quarter 2024 Delivery Update • GlobeNewswire Inc. • 04/01/2024 09:30:26 AM
- NIO Inc. Prudently Adjusts First Quarter 2024 Delivery Outlook • GlobeNewswire Inc. • 03/27/2024 09:30:20 AM
- Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative • IH Market News • 03/14/2024 11:39:32 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 12:39:45 PM
- U.S. Futures Dip, Crude Oil Fluctuates • IH Market News • 03/05/2024 11:05:54 AM
- NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/05/2024 10:00:21 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/01/2024 11:06:42 AM
- NIO Inc. Provides February 2024 Delivery Update • GlobeNewswire Inc. • 03/01/2024 09:30:55 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/28/2024 03:48:47 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 02:23:07 PM
- NIO Entered Into Technology License Agreement with Forseven Limited • GlobeNewswire Inc. • 02/26/2024 10:00:59 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 12:12:45 PM
- NIO Inc. to Report Unaudited Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 5, 2024 • GlobeNewswire Inc. • 02/22/2024 09:30:53 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/07/2024 11:20:43 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/07/2024 11:02:27 AM
- NIO Inc. Announces Board Change • GlobeNewswire Inc. • 02/07/2024 09:30:51 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/02/2024 11:05:49 AM
- Form SC TO-I/A - Tender offer statement by Issuer: [Amend] • Edgar (US Regulatory) • 02/01/2024 02:21:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/01/2024 11:03:07 AM
- NIO Inc. Announces Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2026 • GlobeNewswire Inc. • 02/01/2024 09:51:17 AM
- NIO Inc. Provides January 2024 Delivery Update • GlobeNewswire Inc. • 02/01/2024 09:39:04 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM