Traders Purchase Large Volume of NIO Call Options (NYSE:NIO)

NIO Inc. (NYSE:NIO) saw some unusual options trading activity on Thursday. Investors bought 303,442 call options on the company. This is an increase of 90% compared to the average volume of 159,610 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NIO shares. Mizuho lowered their target price on shares of NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd. Citigroup reissued a “buy” rating on shares of NIO in a report on Monday, April 28th. Barclays dropped their target price on NIO from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Wednesday, June 4th. The Goldman Sachs Group raised NIO from a “sell” rating to a “neutral” rating and increased their target price for the company from $3.70 to $3.80 in a report on Tuesday, June 17th. Finally, Cfra Research raised NIO to a “hold” rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.74.

Institutional Trading of NIO

Large investors have recently bought and sold shares of the business. SIH Partners LLLP boosted its stake in NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company’s stock worth $4,071,000 after purchasing an additional 175,000 shares during the period. Arizona PSPRS Trust acquired a new stake in NIO during the 4th quarter worth $1,330,000. Raymond James Financial Inc. acquired a new stake in shares of NIO in the 4th quarter worth $1,776,000. Bridgewater Associates LP lifted its stake in shares of NIO by 28.6% in the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company’s stock worth $5,170,000 after acquiring an additional 263,338 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of NIO in the 4th quarter worth $3,305,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Trading Up 6.3%

NYSE NIO opened at $3.70 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. The firm’s fifty day moving average price is $3.69 and its 200 day moving average price is $4.03. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of -2.28 and a beta of 1.55. NIO has a 12 month low of $3.02 and a 12 month high of $7.71.

NIO (NYSE:NIO) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.23). The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.39) EPS. On average, sell-side analysts expect that NIO will post -1.43 earnings per share for the current fiscal year.

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.