EHang Target of Unusually Large Options Trading (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of some unusual options trading activity on Thursday. Investors acquired 16,705 put options on the company. This is an increase of approximately 58% compared to the typical daily volume of 10,553 put options.

EHang Price Performance

EH stock traded down $0.18 during trading on Thursday, hitting $16.37. 1,748,406 shares of the company’s stock traded hands, compared to its average volume of 1,672,337. EHang has a 52 week low of $12.02 and a 52 week high of $29.76. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -32.60 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50. The business has a fifty day simple moving average of $17.52 and a 200 day simple moving average of $17.46.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new position in EHang during the 3rd quarter valued at about $284,000. Federated Hermes Inc. bought a new stake in shares of EHang in the 3rd quarter valued at about $1,571,000. Osaic Holdings Inc. boosted its holdings in shares of EHang by 5,904.0% in the 2nd quarter. Osaic Holdings Inc. now owns 27,018 shares of the company’s stock valued at $469,000 after buying an additional 26,568 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of EHang by 12.9% in the 2nd quarter. Squarepoint Ops LLC now owns 44,378 shares of the company’s stock valued at $770,000 after buying an additional 5,063 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in EHang by 88.9% during the 2nd quarter. Headlands Technologies LLC now owns 80,163 shares of the company’s stock worth $1,392,000 after buying an additional 37,729 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EH shares. JPMorgan Chase & Co. began coverage on shares of EHang in a research note on Thursday, August 21st. They set an “overweight” rating and a $26.00 price objective on the stock. Wall Street Zen raised shares of EHang from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th. Finally, Dbs Bank started coverage on shares of EHang in a report on Thursday, October 2nd. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EHang has an average rating of “Moderate Buy” and an average target price of $26.08.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.