EHang (NASDAQ:EH) Stock Sees Unusually High Call Option Buying

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of unusually large options trading on Friday. Investors bought 6,312 call options on the stock. This is an increase of approximately 161% compared to the average volume of 2,421 call options.

Analysts Set New Price Targets

EH has been the subject of a number of research reports. Wall Street Zen lowered EHang from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 12th. Morgan Stanley set a $5.30 price target on EHang and gave the company an “equal weight” rating in a research report on Tuesday, September 15th. The Goldman Sachs Group downgraded EHang from a “buy” rating to a “neutral” rating and set a $7.30 price objective on the stock. in a research note on Tuesday, July 14th. Weiss Ratings restated a “sell (e+)” rating on shares of EHang in a report on Monday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $4.40 target price (down from $9.70) on shares of EHang in a research note on Monday, July 6th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.70.

Institutional Investors Weigh In On EHang

A number of institutional investors and hedge funds have recently modified their holdings of EH. SteelPeak Wealth LLC boosted its stake in shares of EHang by 452.6% during the 1st quarter. SteelPeak Wealth LLC now owns 73,838 shares of the company’s stock worth $717,000 after acquiring an additional 60,476 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of EHang by 110.1% during the second quarter. Squarepoint Ops LLC now owns 91,697 shares of the company’s stock worth $601,000 after purchasing an additional 48,048 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of EHang by 24.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock worth $362,000 after purchasing an additional 10,860 shares during the period. Bank of America Corp DE raised its position in shares of EHang by 187.6% during the first quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock worth $294,000 after purchasing an additional 19,771 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in shares of EHang by 26.7% during the second quarter. Headlands Technologies LLC now owns 19,964 shares of the company’s stock valued at $131,000 after purchasing an additional 4,209 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Price Performance

Shares of EH traded down $0.29 during mid-day trading on Friday, hitting $3.61. The company’s stock had a trading volume of 793,320 shares, compared to its average volume of 696,150. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.84 and a quick ratio of 1.65. The firm has a 50-day moving average price of $4.67 and a 200 day moving average price of $6.93. EHang has a fifty-two week low of $3.58 and a fifty-two week high of $19.01. The stock has a market capitalization of $271.18 million, a price-to-earnings ratio of -5.82 and a beta of 1.15.

EHang (NASDAQ:EH) last released its earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter. The business had revenue of $11.46 million for the quarter. EHang had a negative net margin of 74.74% and a negative return on equity of 32.73%. On average, research analysts predict that EHang will post -0.72 EPS for the current fiscal year.

EHang Company Profile

EHang Holdings Limited is a technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight technologies, command-and-control systems, and supporting services designed for passenger transportation, logistics, aerial firefighting, public safety, and other commercial applications.

EHang’s product portfolio includes the EH216 series, an electric vertical takeoff and landing (eVTOL) aircraft family designed for autonomous passenger and cargo operations.