NIO Sees Unusually Large Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) was the recipient of unusually large options trading activity on Monday. Stock investors bought 256,265 call options on the stock. This represents an increase of 43% compared to the average volume of 178,787 call options.

Wall Street Analyst Weigh In

NIO has been the subject of several research reports. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Finally, HSBC cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NIO presently has a consensus rating of “Hold” and an average target price of $5.30.

NIO Price Performance

NIO opened at $4.48 on Tuesday. NIO has a 12-month low of $3.61 and a 12-month high of $7.71. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $9.34 billion, a P/E ratio of -2.96 and a beta of 1.81. The stock has a fifty day moving average of $4.33 and a 200-day moving average of $4.81.

Institutional Investors Weigh In On NIO

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares during the period. Jones Financial Companies Lllp increased its stake in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares during the period. Sava Infond d.o.o. purchased a new stake in NIO in the 4th quarter worth approximately $44,000. Callan Family Office LLC acquired a new stake in shares of NIO during the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. purchased a new position in shares of NIO during the 4th quarter valued at $45,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.