NIO (NIO, $43.28) posts a wider-than-expected loss
NIO reported a wider-than-expected loss for the fourth quarter. The automaker’s revenue, however, more than doubled from a year earlier.
NIO incurred a net loss of -1.05 renminbi (-$0.16) per share in the fourth quarter, wider than analysts’ estimate of a -0.7 renminbi loss.
Revenue surged +133.2% year-over-year to 6.641 billion renminbi (US$1.018 billion) in the quarter, but below Visible Alpha’s analyst estimate of 6.7 billion yuan.
Chief Executive William Bin Li mentioned that NIO had a new quarterly delivery record of 17,353 vehicles in the fourth quarter of 2020. He added, “The strong momentum has continued in 2021, as we achieved a historic monthly delivery of 7,225 vehicles in January and a resilient delivery of 5,578 vehicles in February, representing strong 352% and 689% year-over-year growth, respectively. … We expect to deliver 20,000 to 20,500 vehicles in the first quarter of 2021.”
NIO's Stochastic Oscillator is remaining in oversold zone for 2 days
Be on the lookout for a price bounce soon.
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Notable companies
The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).
Industry description
Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.
Market Cap
The average market capitalization across the Motor Vehicles Industry is 32.93B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.
High and low price notable news
The average weekly price growth across all stocks in the Motor Vehicles Industry was -5%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -8%. BCAUF experienced the highest price growth at 14%, while GKIT experienced the biggest fall at -59%.
Volume
The average weekly volume growth across all stocks in the Motor Vehicles Industry was 42%. For the same stocks of the Industry, the average monthly volume growth was 13% and the average quarterly volume growth was 88%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 43
P/E Growth Rating: 74
Price Growth Rating: 66
SMR Rating: 74
Profit Risk Rating: 85
Seasonality Score: 0 (-100 ... +100)