NIO Sees Unusually Large Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw some unusual options trading activity on Monday. Investors purchased 294,778 call options on the stock. This is an increase of approximately 53% compared to the average volume of 193,100 call options.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NIO shares. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. Wolfe Research assumed coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Bank of America upped their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Daiwa America upgraded shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.71.

Institutional Investors Weigh In On NIO

Hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC increased its position in NIO by 11.5% during the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after purchasing an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of NIO by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock valued at $129,000 after purchasing an additional 2,588 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of NIO by 22.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after buying an additional 2,651 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of NIO by 4.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock worth $262,000 after buying an additional 2,915 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its position in shares of NIO by 12.9% in the 2nd quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company’s stock worth $121,000 after buying an additional 3,315 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Stock Up 12.4 %

NIO opened at $5.18 on Tuesday. NIO has a 12 month low of $3.61 and a 12 month high of $9.57. The business has a 50-day moving average of $5.25 and a two-hundred day moving average of $4.84. 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 has a market capitalization of $8.90 billion, a price-to-earnings ratio of -3.43 and a beta of 1.77.

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.