๐ฃ New Nio call warrant to trade moves ahead and on the back of Wednesday's 3Q earnings
โ๏ธ Macquarie listed a new call warrant tracking Nio Singapore shares this morning: NIO MBeCW250521 (PUYW) (https://warrants.com.sg/tools/warrantterms/PUYW) which costs SGD 0.041 with Nio shares trading at USD 4.66 to 4.69 this morning.
๐ Nio will report their third quarter earnings tomorrow night ๐ According to Benzinga Newswire, Nio shares are currently sitting below all key moving averages: The eight-day SMA ($4.79), 20-day SMA ($5.07) and 50-day SMA ($5.55) all suggest bearish momentum.
โก๏ธ However, the stock has seen buying pressure recently, which could hint at a potential reversal if earnings impress. Analysts expect third-quarter revenue of $2.54 billion and an earnings per share loss of USD 0.30 a share.
๐ The stock had rallied 94% in the month of September alone, after 1) reporting that deliveries of its 6-Series SUVs, including models like the ES6 and EC6, have surpassed 300,000 units, an important milestone for the electric vehicle (EV) producer; 2) revealing plans to expand its charging infrastructure, aiming to cover all 183 counties in Sichuan and 74 in Tibet by June 2025.
๐ Since, the stock has backpedalled 37% from October, after China's stimulus failed to come in bigger than the market expected, and the fear of a potential tariff on Chinese companies following Donald Trump's presidential win in the US.
โน๏ธ Investors who are cautious about having long-term exposure to the shares but believe that Nio shares have potential to move higher in the short-term on results, may consider Macquarie's newly listed Nio call warrant PUYW. See how the warrant moves alongside Nio Singapore shares here: (https://warrants.com.sg/tools/livematrix/PUYW) See today's top traded index and single stock structured warrants in Singapore Warrants. Trading tools and stock market updates, all in one place.
๐ Nio will report their third quarter earnings tomorrow night ๐ According to Benzinga Newswire, Nio shares are currently sitting below all key moving averages: The eight-day SMA ($4.79), 20-day SMA ($5.07) and 50-day SMA ($5.55) all suggest bearish momentum.
โก๏ธ However, the stock has seen buying pressure recently, which could hint at a potential reversal if earnings impress. Analysts expect third-quarter revenue of $2.54 billion and an earnings per share loss of USD 0.30 a share.
๐ The stock had rallied 94% in the month of September alone, after 1) reporting that deliveries of its 6-Series SUVs, including models like the ES6 and EC6, have surpassed 300,000 units, an important milestone for the electric vehicle (EV) producer; 2) revealing plans to expand its charging infrastructure, aiming to cover all 183 counties in Sichuan and 74 in Tibet by June 2025.
๐ Since, the stock has backpedalled 37% from October, after China's stimulus failed to come in bigger than the market expected, and the fear of a potential tariff on Chinese companies following Donald Trump's presidential win in the US.
โน๏ธ Investors who are cautious about having long-term exposure to the shares but believe that Nio shares have potential to move higher in the short-term on results, may consider Macquarie's newly listed Nio call warrant PUYW. See how the warrant moves alongside Nio Singapore shares here: (https://warrants.com.sg/tools/livematrix/PUYW) See today's top traded index and single stock structured warrants in Singapore Warrants. Trading tools and stock market updates, all in one place.
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Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.
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