Nio ( (NIO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Nio Inc.’s stock dropped after the company released its Q4 2024 earnings report, which showed an adjusted earnings per share of -43 cents, missing Wall Street’s expectation of -30 cents. Despite the miss, there was an improvement from the previous year’s Q4 figure of -$2.81 per share. Revenue came in at $2.7 billion, below the forecast of $2.81 billion, but it still marked a 15.2% increase year-over-year, driven by a 45.2% rise in vehicle deliveries to 72,689 units. The market reacted with a 4.46% drop in pre-market trading. Nio also provided guidance for Q1 2025, projecting EV deliveries between 41,000 and 43,000 and revenue between $1.694 billion and $1.762 billion, highlighting a strategic focus on profitability and scalable growth.
More about Nio
YTD Price Performance: 13.63%
Average Trading Volume: 52,558,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.04B
For further insights into NIO stock on TipRanks’ Stock Analysis page.
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