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

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) was the target of some unusual options trading activity on Monday. Stock investors acquired 13,968 call options on the company. This represents an increase of 55% compared to the average volume of 9,007 call options.

EHang Trading Up 1.6%

NASDAQ EH traded up $0.27 on Thursday, hitting $17.23. 1,501,357 shares of the company were exchanged, compared to its average volume of 1,696,908. The company's 50 day moving average price is $17.04 and its 200-day moving average price is $18.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.45. The firm has a market capitalization of $1.24 billion, a P/E ratio of -35.90 and a beta of 1.06. EHang has a twelve month low of $10.40 and a twelve month high of $29.76.

Wall Street Analyst Weigh In

EH has been the topic of several research reports. Bank of America dropped their price target on shares of EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Jefferies Financial Group initiated coverage on shares of EHang in a research report on Monday, May 5th. They issued a "buy" rating and a $30.40 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a "hold" rating to a "buy" rating and dropped their price target for the stock from $22.00 to $20.00 in a research report on Monday, April 14th. Daiwa America upgraded shares of EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Daiwa Capital Markets initiated coverage on shares of EHang in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 price target on the stock. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $25.28.

Institutional Trading of EHang

Several institutional investors and hedge funds have recently bought and sold shares of EH. KADENSA CAPITAL Ltd raised its holdings in EHang by 585.4% during the 1st quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company's stock worth $15,859,000 after buying an additional 648,412 shares during the period. Cubist Systematic Strategies LLC grew its stake in EHang by 517.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 684,103 shares of the company's stock valued at $14,291,000 after acquiring an additional 573,248 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in EHang during the 1st quarter valued at about $8,162,000. Norges Bank purchased a new position in EHang during the 4th quarter valued at about $3,809,000. Finally, Lighthouse Investment Partners LLC purchased a new position in EHang during the 4th quarter valued at about $1,977,000. Institutional investors and hedge funds own 94.03% of the company's stock.

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.