EHang Sees Unusually Large Options Volume (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of some unusual options trading activity on Monday. Traders acquired 8,294 call options on the stock. This represents an increase of approximately 390% compared to the typical daily volume of 1,692 call options.

Institutional Trading of EHang

Institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG purchased a new stake in shares of EHang during the fourth quarter valued at approximately $26,000. Legal & General Group Plc boosted its stake in shares of EHang by 171.7% during the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after purchasing an additional 2,136 shares during the period. Daiwa Securities Group Inc. grew its holdings in EHang by 47.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after acquiring an additional 1,553 shares during the last quarter. Bessemer Group Inc. bought a new stake in EHang in the 1st quarter worth $51,000. Finally, Advisory Services Network LLC bought a new stake in EHang in the 3rd quarter worth $117,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings cut shares of EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Bank of America reaffirmed a “buy” rating on shares of EHang in a research note on Thursday, March 12th. Finally, Wall Street Zen raised EHang from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.50.

EHang Price Performance

EH traded down $0.19 during midday trading on Monday, hitting $9.25. The stock had a trading volume of 489,114 shares, compared to its average volume of 618,086. The company has a market cap of $665.20 million, a P/E ratio of -20.99 and a beta of 1.14. The business has a fifty day moving average of $10.64 and a 200 day moving average of $12.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.98 and a current ratio of 2.12. EHang has a 1 year low of $9.06 and a 1 year high of $20.45.

About EHang

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.