NIO Target of Unusually High Options Trading (NYSE:NIO)

NIO Inc. (NYSE:NIO - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders acquired 303,442 call options on the company. This is an increase of 90% compared to the typical daily volume of 159,610 call options.

Institutional Trading of NIO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NIO. SeaCrest Wealth Management LLC acquired a new position in shares of NIO in the second quarter worth $56,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of NIO in the second quarter worth $12,315,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of NIO by 39.1% in the first quarter. Advisors Asset Management Inc. now owns 123,467 shares of the company's stock worth $470,000 after acquiring an additional 34,678 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of NIO by 38.9% in the first quarter. Rafferty Asset Management LLC now owns 50,109 shares of the company's stock worth $191,000 after acquiring an additional 14,028 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Trading Up 6.0%

NYSE NIO traded up $0.22 on Friday, reaching $3.91. The stock had a trading volume of 140,894,989 shares, compared to its average volume of 52,720,623. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of -2.41 and a beta of 1.55. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. NIO has a 12-month low of $3.02 and a 12-month high of $7.71. The stock has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $4.03.

NIO (NYSE:NIO - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.39) EPS. As a group, sell-side analysts forecast that NIO will post -1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.