NIO Target of Unusually High Options Trading (NYSE:NIO)

NIO Inc. (NYSE:NIO) was the target of some unusual options trading on Wednesday. Investors bought 186,809 call options on the stock. This is an increase of approximately 49% compared to the average volume of 125,665 call options.

NIO Price Performance

NIO opened at $6.55 on Thursday. The stock’s 50-day moving average price is $5.97 and its 200 day moving average price is $5.56. NIO has a 12-month low of $3.34 and a 12-month high of $8.02. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of -6.75 and a beta of 0.97.

NIO (NYSE:NIO) last posted its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%.The firm had revenue of $4.95 billion for the quarter. As a group, sell-side analysts expect that NIO will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

NIO has been the topic of several recent analyst reports. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a research note on Wednesday, March 11th. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Macquarie Infrastructure raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 target price on the stock in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Finally, Bank of America reissued a “neutral” rating on shares of NIO in a research note on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIO has a consensus rating of “Hold” and a consensus price target of $6.80.

Institutional Investors Weigh In On NIO

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in NIO during the 1st quarter worth about $70,000. First Trust Advisors LP increased its holdings in NIO by 31.9% during the 1st quarter. First Trust Advisors LP now owns 90,278 shares of the company’s stock worth $544,000 after purchasing an additional 21,823 shares during the period. XY Capital Ltd increased its holdings in NIO by 42.9% during the 1st quarter. XY Capital Ltd now owns 444,350 shares of the company’s stock worth $2,679,000 after purchasing an additional 133,290 shares during the period. PNC Financial Services Group Inc. increased its holdings in NIO by 25.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 68,507 shares of the company’s stock worth $413,000 after purchasing an additional 14,075 shares during the period. Finally, Parallel Advisors LLC increased its holdings in NIO by 115.7% during the 1st quarter. Parallel Advisors LLC now owns 29,769 shares of the company’s stock worth $180,000 after purchasing an additional 15,971 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.