Investors Purchase High Volume of Call Options on NIO (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw unusually large options trading on Thursday. Investors purchased 331,443 call options on the company. This is an increase of 66% compared to the average volume of 199,915 call options.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Cfra Research raised shares of NIO to a “hold” rating in a research report on Friday, March 21st. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup lowered their target price on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.00.

NIO Stock Performance

NIO traded down $0.24 during trading on Thursday, reaching $3.99. 156,383,405 shares of the company’s stock were exchanged, compared to its average volume of 55,569,479. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $4.44 and a 200 day moving average price of $4.86. The company has a market capitalization of $8.32 billion, a P/E ratio of -2.64 and a beta of 1.81.

NIO (NYSE:NIO) last issued its quarterly earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned ($2.81) earnings per share. As a group, analysts predict that NIO will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in NIO by 71.6% during the third quarter. Advisors Asset Management Inc. now owns 82,179 shares of the company’s stock valued at $549,000 after acquiring an additional 34,299 shares during the last quarter. DRW Securities LLC acquired a new stake in NIO during the 3rd quarter worth about $140,000. FMR LLC increased its stake in shares of NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after purchasing an additional 5,296,601 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in NIO in the 3rd quarter valued at $141,000. Finally, Point72 Hong Kong Ltd acquired a new position in NIO during the third quarter worth about $4,879,000. 48.55% of the stock is currently owned by institutional investors.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.