EHang Target of Unusually High Options Trading (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 10,835 put options on the stock. This represents an increase of approximately 467% compared to the typical daily volume of 1,911 put options.

EHang Price Performance

Shares of NASDAQ:EH opened at $13.06 on Wednesday. The firm’s 50 day moving average is $16.93 and its two-hundred day moving average is $15.71. EHang has a 52 week low of $3.60 and a 52 week high of $25.78. The firm has a market capitalization of $760.48 million, a P/E ratio of -15.19 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Thursday, August 17th. The company reported ($0.18) EPS for the quarter. EHang had a negative net margin of 617.93% and a negative return on equity of 264.94%. The company had revenue of $1.38 million for the quarter.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised EHang from a “neutral” rating to a “buy” rating and set a $30.50 price objective on the stock in a report on Monday, October 16th.

Institutional Investors Weigh In On EHang

A number of institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. boosted its position in EHang by 60.0% in the second quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock valued at $29,000 after buying an additional 725 shares in the last quarter. US Bancorp DE acquired a new position in shares of EHang in the second quarter valued at approximately $37,000. Credit Suisse AG acquired a new position in shares of EHang in the second quarter valued at approximately $47,000. Cubist Systematic Strategies LLC acquired a new position in shares of EHang in the third quarter valued at approximately $85,000. Finally, Nomura Holdings Inc. acquired a new position in EHang during the second quarter worth $93,000. Institutional investors and hedge funds own 16.49% 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.