In the current trading session, NIO Inc. (NIO) is priced at $6.25, reflecting a 2.5 cents increase from the previous close. The price percentage change stands at 0.4%. Notably, the trading volume is $17.52 million, representing a 39.58% deviation from the average volume.
NIO's latest quarterly earnings report, released on Monday, March 9th, shows an earnings per share of $0.00715, surpassing the consensus estimate of -$0.00508. Further details on revenue and earnings call summary are awaited.
Key financial ratios for NIO include a gross profit margin of 17.53%, operating profit margin of 1.47%, and net profit margin of 0.82%. Noteworthy ratios are the return on equity at 6.73%, debt ratio at 21.08%, cash per share at $18.24, and a price-to-earnings ratio of 79.91.
This report provides insights into NIO's performance, recent earnings, and crucial financial metrics, indicating a positive trend in the trading session and earnings beat in the latest quarter.
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service. In addition, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance; roadside assistance; courtesy vehicle services; data packages; and auto financing and financial leasing services. Further, the company involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. Additionally, it offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.