EHang Sees Unusually High Options Volume (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 31,059 call options on the company. This is an increase of approximately 188% compared to the average volume of 10,790 call options.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EH. JPMorgan Chase & Co. lowered shares of EHang from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $21.00 to $13.00 in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th. Dbs Bank started coverage on EHang in a report on Thursday, October 2nd. They set a “buy” rating for the company. Finally, Wall Street Zen raised EHang from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.48.

EHang Stock Down 5.1%

EHang stock opened at $13.43 on Wednesday. EHang has a fifty-two week low of $13.40 and a fifty-two week high of $29.76. The company has a market cap of $965.48 million, a PE ratio of -26.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50. The business’s 50-day simple moving average is $17.24 and its two-hundred day simple moving average is $17.25.

Hedge Funds Weigh In On EHang

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in EHang during the 1st quarter worth approximately $754,000. GSA Capital Partners LLP increased its stake in shares of EHang by 177.7% in the first quarter. GSA Capital Partners LLP now owns 36,902 shares of the company’s stock worth $771,000 after acquiring an additional 23,612 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of EHang by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company’s stock worth $1,529,000 after purchasing an additional 2,790 shares during the last quarter. Invesco Ltd. raised its holdings in shares of EHang by 3.8% during the first quarter. Invesco Ltd. now owns 41,317 shares of the company’s stock worth $863,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in EHang during the first quarter valued at $818,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.