Stock Traders Purchase Large Volume of Put Options on EHang (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) saw some unusual options trading activity on Wednesday. Stock traders acquired 8,949 put options on the stock. This represents an increase of approximately 163% compared to the typical volume of 3,404 put options.

EHang Price Performance

EH opened at $12.01 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.99. The company has a market capitalization of $762.76 million, a price-to-earnings ratio of -19.37 and a beta of 1.01. The firm’s fifty day moving average price is $13.39 and its two-hundred day moving average price is $15.06. EHang has a 1 year low of $9.51 and a 1 year high of $25.78.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter last year, the company earned ($0.18) earnings per share. As a group, analysts anticipate that EHang will post -0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on shares of EHang in a research report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price target for the company.

Hedge Funds Weigh In On EHang

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank increased its position in shares of EHang by 685.1% during the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after buying an additional 1,103 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of EHang by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock valued at $510,000 after acquiring an additional 4,353 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of EHang by 24.9% during the second quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock valued at $557,000 after acquiring an additional 8,174 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of EHang by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock valued at $32,166,000 after buying an additional 8,228 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of EHang during the fourth quarter valued at $177,000. 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.