So What's Up With NIO Stock?
Portfolio Pulse from Henry Khederian
NIO Inc's shares are trading lower by 1.61% to $7.64, potentially due to anticipation of the company's Q1 earnings report on Friday. Analysts project an EPS loss of 44 cents and revenue of 2.329 billion. Chinese stocks fell following a 7.5% YoY decline in May exports.
June 08, 2023 | 2:28 pm
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NEGATIVE IMPACT
NIO shares are trading lower ahead of the Q1 earnings report, with analysts projecting an EPS loss of 44 cents and revenue of 2.329 billion. Chinese stocks fell due to weak export data.
NIO's stock price is likely to be negatively impacted in the short term due to the anticipation of a negative earnings report and the overall decline in Chinese stocks following weak export data. The projected EPS loss and lower revenue could lead to a decrease in investor confidence, causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100