Traders Purchase High Volume of Call Options on NIO (NYSE:NIO)

NIO Inc. (NYSE:NIO) saw unusually large options trading on Wednesday. Investors purchased 186,809 call options on the stock. This is an increase of approximately 49% compared to the average volume of 125,665 call options.

Institutional Trading of NIO

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp raised its stake in NIO by 98.3% in the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after acquiring an additional 2,950 shares during the last quarter. Allworth Financial LP raised its stake in NIO by 183.5% in the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after acquiring an additional 4,269 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new position in NIO in the 1st quarter worth $41,000. Arax Advisory Partners raised its stake in NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after acquiring an additional 3,487 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in NIO in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Up 7.6%

Shares of NIO traded up $0.47 during midday trading on Wednesday, hitting $6.55. 56,615,872 shares of the company’s stock traded hands, compared to its average volume of 42,075,539. NIO has a 1 year low of $3.34 and a 1 year high of $8.02. The firm’s fifty day moving average is $5.93 and its 200-day moving average is $5.56. 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 stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of -6.75 and a beta of 0.97.

NIO (NYSE:NIO) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.04 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 during the quarter. As a group, sell-side analysts anticipate that NIO will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NIO shares. HSBC raised NIO from a “hold” rating to a “buy” rating and increased their price objective for the stock from $4.80 to $6.80 in a research note on Friday, March 13th. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a research note on Wednesday, March 11th. Bank of America reissued a “neutral” rating on shares of NIO in a research note on Tuesday, March 10th. Macquarie Infrastructure raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective on the stock in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. 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. According to MarketBeat, NIO presently has an average rating of “Hold” and an average price target of $6.80.

NIO Company Profile

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.