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

Key Points

• EHang Holdings Limited experienced a significant increase in call options trading, with 13,110 call options purchased on Monday, representing a 48% rise from the average volume.
• The company's stock price fell by $0.10 to $17.79, with a market capitalization of $1.28 billion and key performance metrics indicating a debt-to-equity ratio of 0.07.
• Analysts maintain a favorable outlook on EHang, with Jefferies setting a "buy" rating and a target price of $30.40, while the consensus price target stands at $25.28 among seven investment analysts.

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) saw some unusual options trading on Monday. Stock investors purchased 13,110 call options on the stock. Thisrepresentsanincreaseofapproximately48% compared to the typical daily volume of 8,884 call options.

EHang Stock Performance

Shares of NASDAQ:EH traded down $0.10 during trading on Monday, hitting $17.79. 1,189,067 shares of the company were exchanged, compared to its average volume of 1,703,280. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.45. EHang has a 52-week low of $10.90 and a 52-week high of $29.76. The company has a market cap of $1.28 billion, a PE ratio of -37.06 and a beta of 1.16. The stock has a 50 day moving average of $17.53 and a 200 day moving average of $18.79.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of EHang by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company's stock valued at $127,000 after buying an additional 671 shares during the last quarter. Invesco Ltd. grew its stake in shares of EHang by 2.9% in the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock worth $627,000 after purchasing an additional 1,112 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EHang by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock worth $437,000 after purchasing an additional 1,313 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Natixis bought a new stake in shares of EHang in the fourth quarter worth about $25,000. Institutional investors own 94.03% of the company's stock.

Wall Street Analyst Weigh In

EH has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on EHang in a report on Monday, May 5th. They set a "buy" rating and a $30.40 target price on the stock. Bank of America cut their target price on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $25.28.

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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