EHang Sees Unusually High Options Volume (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the target of some unusual options trading activity on Thursday. Investors acquired 33,712 put options on the stock. This represents an increase of 634% compared to the average daily volume of 4,593 put options.

Hedge Funds Weigh In On EHang

A number of institutional investors have recently bought and sold shares of the stock. Axim Planning & Wealth lifted its holdings in shares of EHang by 12.5% in the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after purchasing an additional 520,733 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in EHang during the second quarter valued at $883,000. Verition Fund Management LLC purchased a new stake in EHang in the 3rd quarter worth about $508,000. XTX Topco Ltd acquired a new stake in EHang during the 2nd quarter worth about $383,000. Finally, SteelPeak Wealth LLC grew its stake in EHang by 70.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after acquiring an additional 27,805 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group began coverage on EHang in a research report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price on the stock. China Renaissance initiated coverage on shares of EHang in a research note on Tuesday, September 24th. They set a “buy” rating on the stock.

EHang Stock Performance

Shares of NASDAQ:EH traded down $0.03 during trading hours on Friday, hitting $16.55. The stock had a trading volume of 1,506,553 shares, compared to its average volume of 1,329,802. EHang has a 1-year low of $9.51 and a 1-year high of $22.98. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -28.53 and a beta of 0.99. The stock’s fifty day simple moving average is $15.50 and its 200 day simple moving average is $14.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12.

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

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.