NIO Sees Unusually Large Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 331,443 call options on the stock. This is an increase of approximately 66% compared to the typical daily volume of 199,915 call options.

Wall Street Analyst Weigh In

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

NIO Stock Down 5.6 %

Shares of NYSE:NIO traded down $0.24 during mid-day trading on Thursday, hitting $3.99. 156,383,405 shares of the company traded hands, compared to its average volume of 55,569,479. The firm’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $4.86. The firm has a market cap of $8.32 billion, a P/E ratio of -2.64 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. NIO has a 52-week low of $3.61 and a 52-week high of $7.71.

NIO (NYSE:NIO) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the business posted ($2.81) earnings per share. NIO’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that NIO will post -1.43 EPS for the current year.

Institutional Trading of NIO

Several institutional investors have recently added to or reduced their stakes in the stock. PDS Planning Inc increased its holdings in NIO by 13.0% in the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock valued at $99,000 after buying an additional 2,627 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company’s stock valued at $59,000 after buying an additional 2,712 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock worth $72,000 after purchasing an additional 2,788 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of NIO by 24.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after acquiring an additional 2,867 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of NIO by 17.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company’s stock valued at $94,000 after purchasing an additional 3,152 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

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.