Stock Traders Buy Large Volume of NIO Call Options (NYSE:NIO)

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

Wall Street Analyst Weigh In

Several research firms have commented on NIO. Wolfe Research began coverage on NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Citigroup decreased their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. Bank of America upped their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $5.30 to $8.00 in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.91.

NIO Stock Up 0.4 %

NIO opened at $4.65 on Thursday. The stock’s 50 day moving average price is $5.52 and its 200 day moving average price is $4.91. 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 stock has a market cap of $7.99 billion, a P/E ratio of -3.06 and a beta of 1.91. NIO has a 12 month low of $3.61 and a 12 month high of $9.57.

NIO (NYSE:NIO) last announced its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. NIO’s revenue was up 98.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.51) EPS. As a group, research analysts predict that NIO will post -1.37 earnings per share for the current year.

Hedge Funds Weigh In On NIO

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after buying an additional 5,296,601 shares during the period. Point72 Asset Management L.P. lifted its position in shares of NIO by 164.3% in the second quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after purchasing an additional 4,018,659 shares in the last quarter. Swedbank AB acquired a new position in NIO in the 1st quarter valued at approximately $5,343,000. Point72 Hong Kong Ltd purchased a new stake in NIO in the 3rd quarter worth approximately $4,879,000. Finally, Quadrature Capital Ltd boosted its stake in shares of NIO by 32.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after buying an additional 538,907 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.

About NIO

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.