Investors Purchase High Volume of Call Options on EHang (NASDAQ:EH)

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

Wall Street Analyst Weigh In

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

EHang Price Performance

NASDAQ:EH traded down $0.72 during trading hours on Monday, hitting $15.49. 1,241,356 shares of the stock traded hands, compared to its average volume of 1,683,170. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -32.21 and a beta of 1.06. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The stock has a 50 day moving average price of $16.97 and a 200 day moving average price of $18.15. The company has a quick ratio of 2.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis purchased a new position in EHang during the 4th quarter valued at approximately $25,000. Tower Research Capital LLC TRC increased its position in 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. JPMorgan Chase & Co. purchased a new stake in EHang during the fourth quarter valued at $79,000. ABS Direct Equity Fund LLC bought a new position in EHang during the first quarter valued at $292,000. Finally, Eschler Asset Management LLP purchased a new position in shares of EHang in the 1st quarter worth $292,000. 94.03% of the stock is currently owned by institutional investors.

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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