Nio Inc - (NYSE:NIO - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors acquired 258,933 call options on the stock. This is an increase of approximately 57% compared to the average volume of 164,421 call options.
Analyst Ratings Changes
Several brokerages have recently weighed in on NIO. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group downgraded shares of NIO from a "neutral" rating to a "sell" rating and lowered their target price for the company from $4.80 to $3.90 in a report on Monday, November 25th. Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Macquarie downgraded shares of NIO from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, NIO has a consensus rating of "Hold" and a consensus price target of $5.38.
Check Out Our Latest Research Report on NIO
Hedge Funds Weigh In On NIO
Institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in NIO by 138.5% in the fourth 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. Allspring Global Investments Holdings LLC purchased a new stake in NIO in the third quarter valued at approximately $32,000. Jones Financial Companies Lllp grew its holdings in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after purchasing an additional 4,332 shares during the period. Callan Family Office LLC purchased a new stake in NIO in the fourth quarter valued at approximately $44,000. Finally, Sava Infond d.o.o. purchased a new stake in NIO in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 48.55% of the company's stock.
NIO Price Performance
NIO traded down $0.08 during midday trading on Monday, reaching $4.37. 37,159,305 shares of the company's stock were exchanged, compared to its average volume of 46,346,871. The business's 50-day moving average price is $4.35 and its 200 day moving average price is $4.77. 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 stock has a market capitalization of $9.11 billion, a PE ratio of -2.89 and a beta of 1.69. NIO has a 1-year low of $3.61 and a 1-year high of $7.71.
NIO Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider NIO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIO wasn't on the list.
While NIO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.