Latest news with #ADR
Hindustan Times
4 hours ago
- Hindustan Times
Young couple found hanging from tree near Ambernath
THANE: A 25-year-old man and a 22-year-old woman were found hanging from a tree near farmland close to Kushivli village in Ambernath taluka on Thursday morning. The Hill Line police in Ulhasnagar, under whose jurisdiction the area falls, have registered an Accidental Death Report (ADR) and initiated a detailed investigation into the incident. According to officials, both individuals were residents of the Chinchpada area in Kalyan East and worked as clerks at a private firm. On Wednesday evening, they left work as usual but failed to return home, prompting concern among their families. The bodies were discovered early the next morning by local residents in a secluded stretch of farmland. 'I was walking through the fields when I saw both of them hanging from a tree, back-to-back. It was a horrifying sight,' said Jagannath Pawar, a local villager who raised the alarm. Police personnel from Hill Line station reached the spot soon after receiving information and sent the bodies to Central Hospital in Ulhasnagar for postmortem examination. Senior police inspector Anil Jagtap confirmed the registration of an ADR and said the investigation is ongoing. 'We have not received any formal complaint so far, but all possible angles are being examined,' he said. While no suicide note was recovered at the scene, initial inquiries suggest that the two were in a relationship and had expressed a desire to marry. According to police sources, their families had reportedly advised them to wait for a year before making a decision, which the couple may have interpreted as disapproval. Officers are currently recording statements from family members and colleagues to piece together the events leading up to the incident. Investigators are also examining phone records and other electronic communications for further clues.
Yahoo
10 hours ago
- Business
- Yahoo
What NIO's Q1 Earnings Could Reveal About Its Breakeven Dream
Nio Inc. (NIO) has been a disappointing stock this year, underperforming the broader market and particularly its Chinese peers, despite a moderate rebound following the tariff war shock that hit the EV sector. While the company has made progress on deliveries and shown some improvement in margins, the bold target set by management to stabilize losses in Fiscal 2025 still feels out of reach, even with three quarters left. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The upcoming launch of several new models with better margins, along with ongoing cost-cutting strategies, is the main hope for doubling margins by year-end. With Q1 results set to drop on June 3rd, I think investors will be watching closely for any shifts in margin trends or cost structure. That said, I remain skeptical that Nio can consistently maintain steady losses, move toward profitability, and generate healthy cash flow in such a short timeframe. For now, I'd rate the stock as a Hold. Investors are closely monitoring Nio's investment thesis, which hinges on the company achieving financial breakeven by 2025 and potentially turning profitable by 2026. According to Nio's CEO and founder, William Li, the company is expected to hit breakeven in the fourth quarter of this fiscal year based on three key factors: (1) the launch of nine new models to fully diversify the product portfolio; (2) the rollout of new vehicle technologies aimed at gradually boosting gross margins; and (3) perhaps the most challenging, the aggressive expansion of its battery swapping network, with plans to install stations in every county across China's 27 provinces—an initiative that's expected to drive sales. In Q1, Nio reported a solid 42,094 vehicle deliveries, marking a 40% year-over-year increase. The company is also seeing early momentum with its new Onvo and Firefly brands. Between March 19 and 27, out of 6,530 vehicles delivered, 2,690 came from these two brands, even though Nio had not officially started ramping up production of these new models yet. These brands are expected to play a significant role in helping Nio reach its ambitious profitability goals. Management has also reaffirmed its target to double deliveries in 2025 compared to the 2024 goal of 222,000 units. Still, Q1 financials raise some serious questions about how realistic the breakeven by year-end really is. Nio reported a net loss of $977 million, a 24% increase year-over-year, pushing its total projected loss for fiscal 2024 to between $3.1 billion and $3.2 billion—about 4% more than in 2023. Gross margins came in at 11.7%. That helps explain why Nio's ADR has been underperforming. Most analysts covering the stock expect the company to keep reporting annual losses per share until 2027, with the first potential for a positive figure coming in 2028. As for Q1, estimates suggest Nio will report a loss per share of 35 cents, which, while still a loss, would actually be a 7% improvement over the same period last year. Given that analyst consensus seems to clash with Nio management's promise to reach breakeven within the next three quarters, gross margins are likely to be the sore spot come earnings day. Management has already warned in advance that vehicle margins will be under pressure in Q1 due to seasonal factors and a product transition period. They also noted that the NIO brand's vehicle margins are currently under stress, while the ONVO brand has been impacted by weaker-than-expected sales and higher amortization costs. Despite these headwinds, the company aims to improve margins throughout the year, with targets of a 20% vehicle margin for the NIO brand and 15% for ONVO by Q4 2025. In theory, those margin levels are what's needed to hit breakeven. To achieve this, Nio is implementing several cost-cutting measures, such as standardizing platforms across different models and brands (for example, utilizing common seat structures) and reducing hardware costs by consolidating smart vehicle interfaces. Therefore, it'll be essential to monitor the evolution of the cost of sales. Last quarter, it was already up 9.9% year-over-year and 4.4% sequentially. However, management is primarily relying on the launch of higher-margin models in the second half of the year. They're also tightening up pricing and cost controls, which have already led to a 10% drop in the bill of materials in 2024—a trend they say will continue into 2025. Still, it feels like Nio doesn't fully have its business under control. There are just too many internal and external moving parts for the company to realistically double gross margins in such a short time frame. One thing that stood out to me in Nio's story (maybe not in a good way) is how vague the company is when it comes to detailing its cash flows. For a business that annually burns through cash on R&D, infrastructure like battery swaps, and relies on government subsidies, it's a bit surprising how little clarity they provide. A good example is from Q3, when Nio reported positive free cash flow (FCF), despite still posting negative operating margins. In that case, the most likely explanation was changes in working capital, rather than any real improvement in profitability. FCF can still be positive if depreciation is high (a non-cash expense) or if the company boosts payables or books early revenue through pre-sales. In Nio's case, all signs point to this kind of financial maneuvering. And while it's not inherently bad since plenty of companies do it to ease short-term pressure, it's also not a reliable sign of financial health. If FCF is being propped up by accounting maneuvers rather than genuine operational improvements, it's something investors should be wary of. So while Nio's FCF might not look bad at first glance, especially with profitability still lagging, it's likely more of a temporary boost than a true turnaround. The real challenge, which is building a profitable core business, still lies ahead. Analyst sentiment around Nio remains cautious. Among the ten analysts covering the stock, seven recommend holding, two suggest buying, and just one advises selling. Despite this generally conservative outlook, NIO carries an average stock price target of $5.07, implying a significant upside of approximately 38% from the current share price. Investing in Nio remains highly speculative. Currently, management appears to be chasing ambitious targets that may be overly optimistic given the timeframes they've outlined. While Nio is undeniably improving—the delivery ramp-up is a positive sign, and efforts to boost margins are promising—expecting gross margins to double within a year feels unrealistic. Such progress depends not only on internal execution but also on external factors in the EV market, which is grappling with fierce competition, supply chain disruptions, and evolving regulatory challenges. Disclaimer & DisclosureReport an Issue
Yahoo
13 hours ago
- Business
- Yahoo
Is Accel Entertainment (ACEL) Stock Outpacing Its Consumer Discretionary Peers This Year?
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Accel Entertainment (ACEL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Accel Entertainment is one of 255 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy). The Zacks Consensus Estimate for ACEL's full-year earnings has moved 8% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the most recent data, ACEL has returned 5.3% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 3.8%. This means that Accel Entertainment is outperforming the sector as a whole this year. One other Consumer Discretionary stock that has outperformed the sector so far this year is Sendas Distribuidora S.A. Sponsored ADR (ASAIY). The stock is up 126% year-to-date. In Sendas Distribuidora S.A. Sponsored ADR's case, the consensus EPS estimate for the current year increased 14.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Accel Entertainment belongs to the Gaming industry, a group that includes 41 individual stocks and currently sits at #90 in the Zacks Industry Rank. On average, stocks in this group have gained 0.7% this year, meaning that ACEL is performing better in terms of year-to-date returns. In contrast, Sendas Distribuidora S.A. Sponsored ADR falls under the Consumer Products - Discretionary industry. Currently, this industry has 24 stocks and is ranked #142. Since the beginning of the year, the industry has moved -8.3%. Investors with an interest in Consumer Discretionary stocks should continue to track Accel Entertainment and Sendas Distribuidora S.A. Sponsored ADR. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report Sendas Distribuidora S.A. Sponsored ADR (ASAIY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Standard
20 hours ago
- Business
- Business Standard
G20 Sherpa Amitabh Kant urges Indian businesses to build foundational AI models
Mr Amitabh Kant, Indias G20 Sherpa, said that the Artificial Intelligence (AI) race has just begun and urged Indian businesses to build foundational models. Mr Kant was speaking at the session on Making this Indias Moment: What Must India Do? at the CII Annual Business Summit 2025 in New Delhi on 29 May. Indias G20 Sherpa believes that Indian models will provide solutions to many of the challenges faced by countries around the world. What we did in digital public infrastructure is that we used open source, open API, globally interoperable models, and those models will be the way forward for us. Therefore, India must build its foundational model. I believe India will provide these foundational models for many areas which have challenges for the world, he said. How to improve learning outcomes, health outcomes and nutritional standards, etc. India will use its 22 languages and thousands of dialects to find solutions to many of the challenges of the world. Indian startups will do some pathbreaking work in this area, Mr Kant said. Talking about the ease of doing business, Indias G20 Sherpa said that the central government has put in the building blocks, and that it is time for states to bring reforms. He also urged the industry to invest in research and development to develop cutting-edge technologies to sustain Indias accelerated growth. He also said that Quality Control Orders (QCOs) must be used rationally to ensure Indian industry can grow. To make Indian Industry more competitive, he suggested that States give land to the industry on long-term lease and privatise DISCOMS to make them more efficient. He also underlined the need for an Alternative Dispute Resolution (ADR) mechanism to ensure speedy justice, especially in commercial cases.
Business Insider
a day ago
- Business
- Business Insider
DBS Sticks to Its Buy Rating for VNET Group, Inc. Sponsored ADR (VNET)
DBS analyst maintained a Buy rating on VNET Group, Inc. Sponsored ADR (VNET – Research Report) today and set a price target of $9.00. The company's shares closed yesterday at $5.46. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Strong Buy analyst consensus rating for VNET Group, Inc. Sponsored ADR with a $14.70 average price target, a 169.23% upside from current levels. In a report released on May 28, Jefferies also maintained a Buy rating on the stock with a $15.81 price target. VNET market cap is currently $1.62B and has a P/E ratio of 66.54.
