Stock Traders Purchase High Volume of Put Options on EHang (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the recipient of some unusual options trading on Friday. Stock traders bought 13,184 put options on the company. This represents an increase of 52% compared to the typical daily volume of 8,670 put options.

EHang Price Performance

EH stock opened at $16.96 on Friday. The firm has a 50 day moving average of $18.06 and a 200-day moving average of $18.00. EHang has a 12-month low of $10.40 and a 12-month high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -31.41 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Natixis acquired a new position in shares of EHang in the 4th quarter valued at $25,000. Tower Research Capital LLC TRC lifted its holdings in shares of EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock valued at $33,000 after acquiring an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of EHang during the 4th quarter valued at $79,000. ABS Direct Equity Fund LLC acquired a new position in shares of EHang during the 1st quarter valued at $292,000. Finally, Eschler Asset Management LLP acquired a new position in shares of EHang during the 1st quarter valued at $292,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EH. Bank of America started coverage on EHang in a research report on Wednesday, May 14th. They set a “buy” rating and a $26.00 price objective on the stock. Daiwa America upgraded shares of EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Jefferies Financial Group started coverage on shares of EHang in a research note on Monday, May 5th. They issued a “buy” rating and a $30.40 price objective for the company. Daiwa Capital Markets started coverage on shares of EHang in a research note on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a “hold” rating to a “buy” rating and decreased their price objective for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.68.

About EHang

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.