EHang Sees Unusually Large Options Volume (NASDAQ:EH)

Key Points

• EHang Holdings Limited experienced a significant increase in options trading, with 16,464 put options purchased, marking an 81% rise compared to the average daily volume.
• Analysts have varied price targets for EHang, with Jefferies setting a "buy" rating at $30.40 while Bank of America lowered its target to $24.00, reflecting differing outlooks on the company's performance.
• Institutional investors hold a significant majority of EHang's stock, accounting for 94.03% of ownership, indicating strong confidence from larger investment entities.

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) was the recipient of some unusual options trading on Wednesday. Traders bought 16,464 put options on the company. Thisrepresentsanincreaseof81% compared to the typical daily volume of 9,074 put options.

Analysts Set New Price Targets

EH has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on EHang in a research report on Monday, May 5th. They set a "buy" rating and a $30.40 target price on the stock. Bank of America dropped their target price on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $25.28.

Institutional Investors Weigh In On EHang

Hedge funds have recently made changes to their positions in the business. Natixis acquired a new stake in shares of EHang during the fourth quarter worth about $25,000. Tower Research Capital LLC TRC boosted its stake in shares of EHang by 247.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares during the period. 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 worth $59,000 after buying an additional 2,136 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of EHang during the fourth quarter worth about $79,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of EHang by 3,147.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company's stock worth $113,000 after buying an additional 6,327 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

EHang Stock Performance

NASDAQ EH traded down $0.22 during trading hours on Wednesday, hitting $17.12. The company had a trading volume of 991,089 shares, compared to its average volume of 1,695,511. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 2.68. EHang has a 1-year low of $10.90 and a 1-year high of $29.76. The company has a market cap of $1.23 billion, a PE ratio of -35.72 and a beta of 1.16. The business has a 50 day moving average of $17.55 and a 200-day moving average of $18.79.

About EHang

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.

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