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

Nio Inc – (NYSE:NIO) was the target of unusually large options trading on Monday. Traders purchased 226,809 call options on the company. This is an increase of 34% compared to the typical volume of 169,581 call options.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup lowered their target price on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Wolfe Research assumed coverage on NIO in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Macquarie raised NIO from a “neutral” rating to an “outperform” rating and set a $6.60 target price for the company in a research note on Monday. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $5.30 to $8.00 in a research note on Friday, September 6th. Finally, Daiwa America raised NIO to a “strong-buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.11.

Institutional Investors Weigh In On NIO

Several hedge funds have recently added to or reduced their stakes in the business. Ridgewood Investments LLC bought a new position in shares of NIO in the second quarter worth $25,000. Allspring Global Investments Holdings LLC bought a new position in shares of NIO in the third quarter worth $32,000. Baader Bank Aktiengesellschaft bought a new position in shares of NIO in the second quarter worth $53,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in 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 buying an additional 2,651 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in NIO in the second quarter valued at about $63,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Up 11.8 %

Shares of NYSE NIO traded up $0.62 during trading hours on Monday, hitting $5.88. The company had a trading volume of 91,523,029 shares, compared to its average volume of 56,733,688. The stock has a market capitalization of $10.11 billion, a P/E ratio of -3.42 and a beta of 1.86. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. NIO has a 1-year low of $3.61 and a 1-year high of $9.57. The firm’s 50 day moving average is $5.29 and its 200-day moving average is $4.84.

NIO (NYSE:NIO) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting the consensus estimate of ($2.21). The company 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 firm’s revenue for the quarter 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. On average, analysts expect that NIO will post -1.37 earnings per share for the current fiscal year.

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.