NIO Stock rating given 'Hold' and 'Overvalued' - Zack's Analyst (updated 12 July 2023)
Based on Zack Equity Research analyst, NIO stock is given a 'Hold' and 'Overvalued' rating. The analyst is based on technical analysis indicators and company's earnings.
Quote:
EPS, Revenue, Gross margin and Quarterly delivery down; Still Net loss
For the current quarter, NIO Inc. is expected to post a loss of $0.36 per share, indicating a change of -44% from the year-ago quarter. The Zacks Consensus Estimate has changed +15.1% over the last 30 days. NIO Inc. reported revenues of $1.55 billion in the last reported quarter, representing a year-over-year change of -0.6%. EPS of -$0.42 for the same period compares with -$0.18 a year ago.
The electric vehicle (EV) maker reported revenue of RMB 10.68 billion ($1.55 billion) in the first quarter, that's down 33.5 percent from the fourth quarter of 2022.
NIO reported a net loss of RMB 4.74 billion in the first quarter, lower than in the fourth quarter of 2022.
NIO's gross margin was 1.5 percent in the first quarter, down compared to 14.6 percent in the same period last year and 3.9 percent in the fourth quarter of 2022.
In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from 25,059 in the same period last year and down 24.23 percent from 31,041 in the first quarter.
NIO stock rated as 'Overvalued'
As part of the Zacks Style Scores system, the Zacks Value Style Score organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. NIO Inc. is graded D on this front, indicating that it is trading at a premium to its peers.
NIO stock rating given 'Hold'
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for NIO Inc.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
2713Followers
85Following
11KVisitors
Follow
Zh Wa : If this analyst gave the same “overrated” conclusion to RIVN, I'd believe his ghost story.
ZnWC OP Zh Wa : The analyst is based on technical analysis indicators and company's earnings.