NIO lost 16.54% over the past month rated Sell under Zacks Rank System
$NIO Inc(NIO.US$ The article reported that NIO closed the latest trading day at $8.66, indicating a -1.93% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.13%. Heading into today, shares of the company had lost 16.54% over the past month, lagging the Auto-Tires-Trucks sector's gain of 0.63% and the S&P 500's loss of 5.53% in that time.
NIO forecast earnings 19.44% QoQ downward
Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.43, showcasing a 19.44% downward movement from the corresponding quarter of the prior year.
NIO rated Sell under Zacks Rank System
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.12% decrease. NIO Inc. is holding a Zacks Rank of #4 (Sell) right now.
Related articles you must read:
Nio delivers 15,641 vehicles in Sept, down 19% from Aug
Reasons NIO stock value losses around 45-60%
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.12% decrease. NIO Inc. is holding a Zacks Rank of #4 (Sell) right now.
Related articles you must read:
Nio delivers 15,641 vehicles in Sept, down 19% from Aug
Reasons NIO stock value losses around 45-60%
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : Someone posted a technical analysis not long ago that NIO share price will be bullish using wedge pattern and MACD, at that time was share price was above $10. He is still posting (without data) that the stock will rebound back. We now know this is not happening in short term. It showed that lack objectivity and ignore macroeconomics reality are common mistake made in using TA to forecast a price trend. Read here for more info about limitations in TA:
Technical analysis Wedge Pattern and MACD Indicator Limitations
https://www.moomoo.com/community/feed/111141692768262?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111141692768262%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77
philzero : If you don’t understand stocks, it’s better to keep your mouth shut.
ZnWCOP philzero: Your comment is not going to change what Yahoo Finance analyst said about NIO stock.
philzero ZnWCOP: All along you kept crying, it had been 3 or more years, what’s wrong with you? If you are trading stocks by reading yahoo and economy news, seeking alpha or etc…….. then prepare to get stuck and then wait. If you don’t do your own understand, don’t look for signs and correlations, don’t read political news or breaking news, don’t follow FED announcement, don’t follow the culture of stocks market, the problems lies on you, so please stop crying everyday like a kid and if want to post comments, post something useful.
ZnWCOP philzero: You are the one that get angry and cry. Someone who comment based on your own words without any source of info is not worthy of telling other what to do.
If you are so smart, post something useful about the stock with content not based on personal opinion or by judging other.
Since you commented on my post, I do gain the right to do the same on yours. I welcome opposing view
philzero : Why should I post to create competitors against me?
Those who knows will quietly trade and laugh.
ZnWCOP philzero: Either you're afraid to find out what you don't want to hear or you are lazy to do your homework. Without source of info and data, your words look weak.
philzero ZnWCOP: Same logic here, the source you get, they will not tell you unless they had already bought in, They will not speak about recession unless they were short selling and waiting to go in.
Also the sources you get online, they were at least 3 days to weeks old, there is a proper way to get early news but the cost is high ( $5000+ a month )
That’s is all I can tell you, the rest is for yourself to do the research.
philzero ZnWCOP: You should at least learn minimally the most basic Moving average for day and 4hour at least, in this way your chances to get stuck will be reduced by a lot.
ZnWCOP philzero: Obviously your didn't bother to read the content of the article I shared and just comment based on your opinion. Do your research and post something useful about the stock and stop making judgement on other. If you don't like the post, you have a choice to trade quietly.
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