EHang Sees Unusually High Options Volume (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 28,194 put options on the stock. This represents an increase of 205% compared to the typical volume of 9,259 put options.

EHang Stock Down 2.1%

Shares of EH traded down $0.36 on Thursday, reaching $16.93. The company's stock had a trading volume of 1,113,422 shares, compared to its average volume of 1,672,039. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. EHang has a twelve month low of $10.40 and a twelve month high of $29.76. The stock has a market capitalization of $1.22 billion, a PE ratio of -31.35 and a beta of 1.06. The firm has a fifty day moving average of $16.81 and a 200-day moving average of $18.04.

Institutional Investors Weigh In On EHang

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

Analyst Ratings Changes

A number of research analysts recently issued reports on EH shares. Bank of America decreased their price objective on shares of EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Daiwa America raised shares of EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Jefferies Financial Group initiated coverage on shares of EHang in a research report on Monday, May 5th. They set a "buy" rating and a $30.40 price target on the stock. Finally, Daiwa Capital Markets initiated coverage on shares of EHang in a report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EHang presently has a consensus 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.