NIO Sees Unusually Large Options Volume (NYSE:NIO)

Nio Inc - (NYSE:NIO - Get Free Report) saw unusually large options trading activity on Monday. Investors acquired 256,265 call options on the stock. This is an increase of 43% compared to the average daily volume of 178,787 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after buying an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 acquiring an additional 4,332 shares during the period. Callan Family Office LLC acquired a new position in NIO during the fourth quarter worth $44,000. Sava Infond d.o.o. bought a new position in shares of NIO during the fourth quarter valued at $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO during the 4th quarter worth about $45,000. 48.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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NIO Stock Down 1.2 %

NIO traded down $0.07 on Wednesday, reaching $5.16. 62,510,404 shares of the company traded hands, compared to its average volume of 54,046,926. The company has a market cap of $10.76 billion, a price-to-earnings ratio of -3.41 and a beta of 1.81. 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's 50 day moving average price is $4.35 and its 200-day moving average price is $4.82. NIO has a 52-week low of $3.61 and a 52-week high of $7.71.

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.