TSLA - Nio Stock Is Hitting New 52-Week Lows: What's Going On? | Benzinga
NIO Inc (NYSE:NIO) shares are trading lower on Monday. Here’s a look at what’s going on.
What To Know: Nio is scheduled to report fourth-quarter financial results before the market opens on Tuesday. The company is expected to report a loss of 51 cents per share, according to estimates from Benzinga Pro. Last quarter, Nio beat EPS estimates, but missed analyst expectations on the top line.
JPMorgan and BofA analysts have already downgraded Nio shares in 2024. Analysts at Mizuho also cut their price target on the stock from $18 to $15 this year. ...