NIO Sees Unusually High Options Volume (NYSE:NIO)

Nio Inc - (NYSE:NIO - Get Free Report) saw some unusual options trading on Thursday. Traders acquired 331,443 call options on the company. This is an increase of approximately 66% compared to the typical daily volume of 199,915 call options.

NIO Stock Down 5.9 %

Shares of NIO traded down $0.24 during mid-day trading on Friday, hitting $3.75. 78,763,607 shares of the company's stock were exchanged, compared to its average volume of 55,850,685. The company has a 50-day simple moving average of $4.43 and a 200 day simple moving average of $4.83. 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 company has a market cap of $7.82 billion, a PE ratio of -2.48 and a beta of 1.81. NIO has a 52 week low of $3.61 and a 52 week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly 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 net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the previous year, the firm posted ($2.81) earnings per share. The firm's quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts forecast that NIO will post -1.43 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

NIO has been the subject of a number of analyst reports. Cfra Research raised NIO to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup reduced their price objective on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research note on Monday, March 24th. Mizuho lowered their target price on shares of NIO from $5.00 to $4.20 and set a "neutral" rating for the company in a research note on Monday, March 24th. Finally, HSBC cut shares of NIO from a "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 assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NIO currently has a consensus rating of "Hold" and a consensus price target of $5.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its position 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 acquiring an additional 3,607 shares during the period. Jones Financial Companies Lllp increased its position in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after buying an additional 4,332 shares during the last quarter. Callan Family Office LLC bought a new stake in NIO in the fourth quarter valued at approximately $44,000. Sava Infond d.o.o. bought a new stake in NIO in the fourth quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO in the fourth quarter valued at approximately $45,000. 48.55% of the stock is currently owned by 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.