Investors Purchase High Volume of EHang Call Options (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) saw some unusual options trading activity on Friday. Traders acquired 6,312 call options on the company. This is an increase of 161% compared to the typical volume of 2,421 call options.

EHang Stock Down 6.5%

Shares of EH traded down $0.26 during trading hours on Friday, reaching $3.65. The company’s stock had a trading volume of 385,740 shares, compared to its average volume of 792,511. EHang has a 1-year low of $3.64 and a 1-year high of $19.01. The company has a quick ratio of 1.65, a current ratio of 1.84 and a debt-to-equity ratio of 0.13. The firm has a market cap of $273.81 million, a price-to-earnings ratio of -5.88 and a beta of 1.15. The company has a 50 day moving average of $4.71 and a two-hundred day moving average of $6.95.

EHang (NASDAQ:EH) last issued its earnings results on Friday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $11.46 million for the quarter. EHang had a negative net margin of 74.74% and a negative return on equity of 32.73%. As a group, research analysts predict that EHang will post -0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EH shares. The Goldman Sachs Group lowered shares of EHang from a “buy” rating to a “neutral” rating and set a $7.30 price objective for the company. in a report on Tuesday, July 14th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $4.40 price target (down from $9.70) on shares of EHang in a report on Monday, July 6th. Dbs Bank cut EHang from a “buy” rating to a “hold” rating in a research report on Friday, August 28th. Zacks Research upgraded shares of EHang from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Morgan Stanley set a $5.30 target price on EHang and gave the stock an “equal weight” rating in a report on Tuesday, September 15th. Five investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, EHang presently has an average rating of “Reduce” and an average target price of $6.70.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC raised its holdings in EHang by 110.1% in the 2nd quarter. Squarepoint Ops LLC now owns 91,697 shares of the company’s stock worth $601,000 after acquiring an additional 48,048 shares during the period. Headlands Technologies LLC increased its position in shares of EHang by 26.7% during the second quarter. Headlands Technologies LLC now owns 19,964 shares of the company’s stock valued at $131,000 after purchasing an additional 4,209 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of EHang by 24.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock valued at $362,000 after buying an additional 10,860 shares in the last quarter. Bank of America Corp DE lifted its stake in EHang by 187.6% during the first quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock worth $294,000 after purchasing an additional 19,771 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in EHang in the 1st quarter valued at $51,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Company Profile

EHang Holdings Limited is a technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight technologies, command-and-control systems, and supporting services designed for passenger transportation, logistics, aerial firefighting, public safety, and other commercial applications.

EHang’s product portfolio includes the EH216 series, an electric vertical takeoff and landing (eVTOL) aircraft family designed for autonomous passenger and cargo operations.