NIO Sees Unusually High Options Volume (NYSE:NIO)

Nio Inc - (NYSE:NIO - Get Free Report) saw unusually large options trading on Friday. Investors acquired 258,933 call options on the stock. This is an increase of approximately 57% compared to the average daily volume of 164,421 call options.

Institutional Trading of NIO

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position 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 last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of NIO during the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp boosted its position in shares of NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after acquiring an additional 4,332 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of NIO during the 4th quarter valued at about $44,000. Finally, Sava Infond d.o.o. bought a new stake in shares of NIO during the 4th quarter valued at about $44,000. Institutional investors own 48.55% of the company's stock.

NIO Price Performance

Shares of NIO traded up $0.08 during trading hours on Friday, reaching $4.45. 100,855,483 shares of the company's stock traded hands, compared to its average volume of 44,330,232. The stock has a market cap of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm's 50 day simple moving average is $4.35 and its 200-day simple moving average is $4.76. NIO has a 12 month low of $3.61 and a 12 month high of $7.71.

Analyst Ratings Changes

Several brokerages recently weighed in on NIO. HSBC lowered NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Macquarie lowered NIO from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. The Goldman Sachs Group lowered NIO from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NIO presently has a consensus rating of "Hold" and a consensus price target of $5.38.

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.