Nio Feels Buying Pressure Ahead Of Q2 Earnings: Can The EV Stock Shake Off 60% Decline?
Portfolio Pulse from Surbhi Jain
Nio Inc (NYSE:NIO) is expected to report a negative EPS of 31 cents and $2.44 billion in revenues for Q2. Despite a 35.8% increase in vehicle deliveries, Nio's stock is down 60.68% over the past year. Technical indicators show mixed signals, with short-term bullish momentum but long-term bearish trends. Analysts see a potential upside with a price target of $14.52.
September 04, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Nio is expected to report a negative EPS of 31 cents and $2.44 billion in revenues for Q2. Despite a significant increase in vehicle deliveries, the stock has declined significantly over the past year. Technical indicators show mixed signals, with short-term bullish momentum but long-term bearish trends. Analysts see a potential upside with a price target of $14.52.
Nio's expected negative EPS and significant stock decline indicate challenges. However, the increase in vehicle deliveries and analyst price targets suggest potential for recovery. Technical indicators show mixed signals, with short-term bullish momentum but long-term bearish trends, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100