Stock Traders Purchase High Volume of NIO Call Options (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw some unusual options trading on Wednesday. Stock investors acquired 224,590 call options on the company. This is an increase of approximately 25% compared to the typical daily volume of 178,970 call options.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NIO. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $6.60 to $4.80 in a research report on Wednesday. Wolfe Research began coverage on shares of NIO in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Bank of America boosted their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, Daiwa America raised shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.91.

NIO Stock Performance

NYSE:NIO opened at $4.65 on Thursday. NIO has a 1-year low of $3.61 and a 1-year high of $9.57. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of -3.06 and a beta of 1.91. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. The firm’s fifty day moving average price is $5.52 and its 200 day moving average price is $4.91.

NIO (NYSE:NIO) last issued its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.21). The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The company’s revenue for the quarter was up 98.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.51) EPS. On average, sell-side analysts expect that NIO will post -1.37 EPS for the current year.

Hedge Funds Weigh In On NIO

Several hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. lifted its position in shares of NIO by 13.9% in the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after acquiring an additional 2,038 shares in the last quarter. Ballentine Partners LLC raised its position in shares of NIO by 11.5% in the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock valued at $160,000 after buying an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of NIO by 15.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after purchasing an additional 2,588 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after purchasing an additional 2,651 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in NIO by 4.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock valued at $262,000 after buying an additional 2,915 shares during the period. 48.55% of the stock is currently owned by hedge funds and other 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.