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

EHang Holdings Limited (NASDAQ:EH) was the recipient of some unusual options trading on Monday. Traders acquired 11,032 call options on the company. This is an increase of 252% compared to the typical daily volume of 3,136 call options.

EHang Stock Up 21.4 %

Shares of EH opened at $21.27 on Tuesday. The business’s 50 day moving average is $12.98 and its 200 day moving average is $15.17. The company has a market capitalization of $1.35 billion, a PE ratio of -34.27 and a beta of 1.01. EHang has a 12-month low of $9.51 and a 12-month high of $25.78. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last issued its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $14.04 million for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. During the same quarter in the previous year, the business earned ($0.18) earnings per share. Research analysts expect that EHang will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of EHang

Several institutional investors and hedge funds have recently added to or reduced their stakes in EH. Comerica Bank boosted its holdings in EHang by 685.1% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after acquiring an additional 1,103 shares during the period. Headlands Technologies LLC purchased a new stake in shares of EHang in the 1st quarter worth $228,000. Russell Investments Group Ltd. purchased a new stake in shares of EHang in the 1st quarter worth $484,000. Nomura Holdings Inc. purchased a new stake in shares of EHang in the 4th quarter worth $396,000. Finally, XTX Topco Ltd purchased a new stake in shares of EHang during the 2nd quarter worth $383,000. Institutional investors own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. China Renaissance assumed coverage on EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock. UBS Group assumed coverage on EHang in a research report on Wednesday, August 28th. They set a “buy” rating and a $22.00 price objective on the 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.