So What's Up With NIO Stock?

NIO Inc - ADR NIO shares are trading lower by 1.61% to $7.64 Thursday morning. The stock is potentially trading lower in anticipation of the company's first-quarter earnings report, confirmed for Friday's pre-market session.

Based on analyst consensus estimates, NIO on Friday is projected to announce an earnings per share (EPS) loss of 44 cents, alongside a revenue of 2.329 billion.

Additionally, multiple Chinese stocks fell Wednesday following lackluster export data from China.

Per Reuters, China's Customs Bureau data revealed a significant 7.5% year-on-year decline in May exports, surpassing the projected 0.4% decrease and marking the largest drop since January.

Imports, on the other hand, contracted by 4.5%, indicating a slower decline than the anticipated 8.0% and April's 7.9% fall.

See Also: Looking At NIO's Recent Unusual Options Activity

NIO is a leading electric vehicle maker targeting the premium segment.

According to data from Benzinga Pro, NIO has a 52-week high of $24.43 and a 52-week low of $7.00.