Stock Traders Buy High Volume of Call Options on NIO (NYSE:NIO)

Nio Inc – (NYSE:NIO) was the target of unusually large options trading activity on Thursday. Stock investors bought 331,443 call options on the stock. This represents an increase of 66% compared to the typical volume of 199,915 call options.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its position in shares of NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares during the period. Sava Infond d.o.o. purchased a new stake in shares of NIO in the fourth quarter worth $44,000. Callan Family Office LLC bought 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 currently owned by institutional investors.

NIO Price Performance

NYSE NIO opened at $3.99 on Friday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of -2.64 and a beta of 1.81. NIO has a 1-year low of $3.61 and a 1-year high of $7.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business’s fifty day moving average price is $4.44 and its 200-day moving average price is $4.85.

NIO (NYSE:NIO) last announced its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $20.19 billion. During the same period in the previous year, the business posted ($2.81) earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts predict that NIO will post -1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NIO shares. Cfra Research raised shares of NIO to a “hold” rating in a research note on Friday, March 21st. HSBC cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Mizuho lowered their price objective on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research report on Monday. Finally, Citigroup reduced their target price on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NIO currently has a consensus rating of “Hold” and an average target price of $5.00.

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.