NIO Inc. Reports Unaudited Third Quarter 2022 Financial Results
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November 14, 2022 12:11 PM EST
NIO Inc. (NYSE: NIO) was cut to Hold from Buy, with its price target lowered to $12.30 per share by China Renaissance analyst Yiming Wang in a note Monday.
Wang told investors that NIO's net loss widened on lower GPM and higher expense ratios in the third quarter.
"NIO's 3Q22 revenue rose 32.6% YoY/ 26.3% QoQ to... More
November 11, 2022 3:55 AM EST
BOCOM Int'l analyst Angus Chan lowered the price target on NIO (H-Shares) (9966:HK) (NYSE: NIO) to HK$95.20 while maintaining a Neutal rating.
The analyst comments "NIO reported in-line 3Q22 results, with vehicle sales/sales volume up 38.2% /26.1% YoY to RMB11.9bn/31,607... More
November 10, 2022 7:07 AM EST
Deutsche Bank analyst Vincent Ha reiterated a Buy rating and $20.00 price target on NIO (NYSE: NIO).
The analyst comments "NIO reported mostly soft 3Q results, especially on margin, but provided a betterthan-feared 4Q volume outlook. Deliveries for the third quarter were already reported at 31,607... More
November 10, 2022 5:34 AM EST
NIO Inc. (NYSE: NIO) reported Q3 EPS of (RMB2.11), RMB1.03 worse than the analyst estimate of (RMB1.08). Revenue for the quarter came in at RMB13 billion versus the consensus estimate of RMB14.08 billion. The company delivered 31,607 vehicles in Q3.
For Q4, NIO guides... More
