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

EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of some unusual options trading activity on Friday. Investors acquired 13,184 put options on the company. This represents an increase of 52% compared to the average daily volume of 8,670 put options.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EH shares. Bank of America lowered their target price on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday. Jefferies Financial Group began 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. Daiwa America raised EHang to a "strong-buy" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft raised EHang from a "hold" rating to a "buy" rating and lowered their price objective for the company from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Daiwa Capital Markets initiated coverage on EHang in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $25.28.

EHang Price Performance

NASDAQ EH traded up $0.93 during trading on Wednesday, hitting $16.71. 1,638,009 shares of the stock traded hands, compared to its average volume of 1,652,752. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. EHang has a 12-month low of $10.40 and a 12-month high of $29.76. The firm has a 50-day simple moving average of $17.78 and a 200-day simple moving average of $17.99. The company has a market capitalization of $1.20 billion, a P/E ratio of -30.85 and a beta of 1.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock valued at $26,003,000 after purchasing an additional 56,652 shares in the last quarter. KADENSA CAPITAL Ltd increased its holdings in shares of EHang by 585.4% in 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 last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of 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 purchasing an additional 573,248 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in EHang during the first quarter worth $8,162,000. Finally, Norges Bank purchased a new position in shares of EHang during the 4th quarter worth about $3,809,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Company Profile

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.