Investors Buy High Volume of NIO Call Options (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw some unusual options trading on Friday. Investors acquired 184,010 call options on the company. This represents an increase of approximately 40% compared to the typical daily volume of 131,662 call options.

NIO Price Performance

NIO stock opened at $5.28 on Friday. NIO has a 52-week low of $3.61 and a 52-week high of $9.57. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of -3.12 and a beta of 1.82. The business has a fifty day moving average of $4.42 and a two-hundred day moving average of $4.69.

NIO (NYSE:NIO) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.21). The firm had revenue of $17.45 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.51) EPS. As a group, research analysts anticipate that NIO will post -1.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NIO. Wolfe Research initiated coverage on shares of NIO in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Bank of America upped their price objective on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Citigroup decreased their target price on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and upped their price target for the company from $5.30 to $8.00 in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.93.

Institutional Investors Weigh In On NIO

Several institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in NIO by 238.6% during the 4th quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after buying an additional 4,976,403 shares in the last quarter. Point72 Asset Management L.P. raised its stake 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 valued at $26,891,000 after acquiring an additional 4,018,659 shares in the last quarter. Quadrature Capital Ltd purchased a new position in NIO in the fourth quarter valued at $12,361,000. Swedbank AB acquired a new position in NIO during the 1st quarter worth $5,343,000. Finally, Norges Bank purchased a new stake in NIO during the 4th quarter worth about $9,652,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.