Traders Purchase Large Volume of EHang Call Options (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of unusually large options trading on Monday. Stock traders acquired 8,294 call options on the stock. This represents an increase of 390% compared to the typical volume of 1,692 call options.

EHang Stock Performance

NASDAQ EH opened at $9.32 on Tuesday. The company has a market capitalization of $670.01 million, a price-to-earnings ratio of -21.18 and a beta of 1.14. EHang has a twelve month low of $9.06 and a twelve month high of $20.45. The stock has a fifty day simple moving average of $10.60 and a 200 day simple moving average of $12.66. The company has a quick ratio of 1.98, a current ratio of 2.12 and a debt-to-equity ratio of 0.07.

Institutional Trading of EHang

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in EHang by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after acquiring an additional 671 shares during the period. Daiwa Securities Group Inc. grew its holdings in EHang by 47.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after acquiring an additional 1,553 shares during the period. Leonteq Securities AG grew its holdings in EHang by 100.0% during the 1st quarter. Leonteq Securities AG now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares during the period. Legal & General Group Plc grew its stake in shares of EHang by 171.7% in the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after buying an additional 2,136 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of EHang by 5.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock valued at $1,164,000 after buying an additional 3,110 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on EH. Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Bank of America reiterated a “buy” rating on shares of EHang in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.