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

Nio Inc - (NYSE:NIO - Get Free Report) saw unusually large options trading on Thursday. Stock traders acquired 215,803 call options on the company. This is an increase of approximately 31% compared to the average volume of 164,343 call options.

Hedge Funds Weigh In On NIO

Large investors have recently bought and sold shares of the company. Bfsg LLC acquired a new position in shares of NIO during the fourth quarter worth about $33,000. Rakuten Securities Inc. purchased a new position in shares of NIO during the 4th quarter worth approximately $38,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of NIO by 272.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company's stock valued at $42,000 after buying an additional 6,875 shares during the period. Principal Securities Inc. acquired a new position in NIO during the fourth quarter worth $42,000. Finally, BSW Wealth Partners acquired a new position in NIO during the first quarter worth $46,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Stock Performance

Shares of NIO traded down $0.07 during mid-day trading on Thursday, reaching $5.26. 40,891,369 shares of the company's stock were exchanged, compared to its average volume of 57,618,660. The business's fifty day simple moving average is $4.88 and its 200-day simple moving average is $6.29. The stock has a market capitalization of $9.04 billion, a PE ratio of -2.99 and a beta of 1.92. NIO has a 52-week low of $3.61 and a 52-week high of $16.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The business had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $18.16 billion. During the same period in the previous year, the business posted ($0.51) earnings per share. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that NIO will post -1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NIO. JPMorgan Chase & Co. upgraded shares of NIO from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $4.80 to $5.40 in a research report on Wednesday. Mizuho reiterated a "neutral" rating and issued a $5.50 price objective on shares of NIO in a report on Monday, March 25th. Barclays reaffirmed an "underweight" rating and set a $4.00 price objective (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Macquarie initiated coverage on shares of NIO in a research note on Monday, April 15th. They set a "neutral" rating and a $5.00 target price on the stock. Finally, Sanford C. Bernstein decreased their price objective on NIO from $7.50 to $5.50 and set a "market perform" rating for the company in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.48.

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.