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

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of some unusual options trading activity on Friday. Investors acquired 6,312 call options on the company. This represents an increase of approximately 161% compared to the average daily volume of 2,421 call options.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EH. Zacks Research raised shares of EHang from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. Morgan Stanley set a $5.30 target price on EHang and gave the stock an “equal weight” rating in a research note on Tuesday, September 15th. Wall Street Zen lowered shares of EHang from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 12th. The Goldman Sachs Group downgraded shares of EHang from a “buy” rating to a “neutral” rating and set a $7.30 price objective for the company. in a research report on Tuesday, July 14th. Finally, Bank of America reiterated an “underperform” rating and set a $5.40 price target (down from $13.00) on shares of EHang in a research note on Wednesday, July 8th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $6.70.

Institutional Trading of EHang

A number of institutional investors have recently added to or reduced their stakes in EH. Squarepoint Ops LLC grew its stake in EHang by 110.1% in the 2nd quarter. Squarepoint Ops LLC now owns 91,697 shares of the company’s stock valued at $601,000 after acquiring an additional 48,048 shares during the last quarter. Bank of America Corp DE lifted its position in shares of EHang by 187.6% in the first quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock valued at $294,000 after acquiring an additional 19,771 shares in the last quarter. Headlands Technologies LLC boosted its stake 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 acquiring an additional 4,209 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in EHang by 24.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock valued at $362,000 after purchasing an additional 10,860 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of EHang during the 1st quarter worth about $51,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Stock Down 7.4%

EH opened at $3.61 on Friday. EHang has a 52 week low of $3.58 and a 52 week high of $19.01. The business has a 50 day moving average price of $4.67 and a two-hundred day moving average price of $6.93. The company has a quick ratio of 1.65, a current ratio of 1.84 and a debt-to-equity ratio of 0.13. The company has a market cap of $271.19 million, a PE ratio of -5.82 and a beta of 1.15.

EHang (NASDAQ:EH) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $11.46 million for the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%. As a group, research analysts anticipate that EHang will post -0.72 EPS for the current year.

About EHang

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.