Stock Traders Purchase Large Volume of EHang Call Options (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) saw some unusual options trading activity on Monday. Investors bought 8,294 call options on the company. This represents an increase of 390% compared to the typical daily volume of 1,692 call options.

EHang Price Performance

Shares of EH traded down $0.19 during mid-day trading on Monday, reaching $9.25. 489,114 shares of the stock traded hands, compared to its average volume of 618,086. The firm has a fifty day moving average price of $10.64 and a 200 day moving average price of $12.72. The company has a market cap of $665.20 million, a price-to-earnings ratio of -20.99 and a beta of 1.14. The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt-to-equity ratio of 0.07. EHang has a 1 year low of $9.06 and a 1 year high of $20.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. purchased a new position in shares of EHang during the fourth quarter worth about $10,204,000. Federated Hermes Inc. purchased a new stake in shares of EHang during the 3rd quarter valued at $1,571,000. UBS Group AG raised its position in shares of EHang by 19.0% during the 4th quarter. UBS Group AG now owns 941,689 shares of the company’s stock valued at $12,411,000 after buying an additional 150,567 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of EHang by 5,904.0% during 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. Finally, Headlands Technologies LLC raised its position in shares of EHang by 88.9% during the 2nd quarter. Headlands Technologies LLC now owns 80,163 shares of the company’s stock valued at $1,392,000 after buying an additional 37,729 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of EHang from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Bank of America restated a “buy” rating on shares of EHang in a research note on Thursday, March 12th. Finally, Weiss Ratings cut shares of EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.50.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.