NIO Stock Rises 1.6%, But Still Down 34% in Past Month Despite Positive Estimate Revisions
• NIO Inc. (NIO) stock closed 1.6% higher, outpacing broader market gains • NIO shares have fallen 33.88% over the past month, underperforming its sector • NIO is projected to report an EPS of -$0.51 for its next quarterly earnings • Analyst estimate revisions for NIO have shifted 18.58% upward over the past month • NIO currently has a Zacks Rank of #2 (Buy) among automotive industry stocks