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

Nio Inc – (NYSE:NIO) was the target of unusually large options trading on Friday. Stock traders bought 184,010 call options on the company. This represents an increase of 40% compared to the typical daily volume of 131,662 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of NIO in the second quarter valued at $25,000. Principal Securities Inc. bought a new position in NIO in the 4th quarter valued at about $42,000. Sound Income Strategies LLC lifted its position in NIO by 3,333.3% during the first quarter. Sound Income Strategies LLC now owns 10,300 shares of the company’s stock worth $46,000 after acquiring an additional 10,000 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of NIO during the first quarter worth approximately $51,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of NIO in the second quarter valued at approximately $53,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Up 7.4 %

Shares of NIO stock opened at $5.39 on Friday. The firm’s fifty day moving average price is $4.41 and its two-hundred day moving average price is $4.69. NIO has a 1 year low of $3.61 and a 1 year high of $9.57. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $9.27 billion, a P/E ratio of -3.19 and a beta of 1.82.

NIO (NYSE:NIO) last released its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. NIO’s revenue was up 98.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.51) earnings per share. On average, equities analysts predict that NIO will post -1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

NIO has been the topic of several recent research reports. Citigroup reduced 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. Wolfe Research initiated coverage on NIO in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $5.30 to $8.00 in a research note on Friday, September 6th. Finally, Bank of America increased their target price on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.93.

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.