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 Friday. Traders bought 18,791 call options on the company. This represents an increase of 1,178% compared to the average volume of 1,470 call options.

Institutional Trading of EHang

Hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new stake in shares of EHang during the fourth quarter valued at about $10,204,000. Norges Bank purchased a new stake in shares of EHang during the fourth quarter valued at about $7,131,000. Tiger Pacific Capital LP purchased a new stake in shares of EHang during the third quarter valued at about $8,948,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of EHang during the fourth quarter valued at about $2,591,000. Finally, UBS Group AG lifted its position in shares of EHang by 19.0% during the fourth quarter. UBS Group AG now owns 941,689 shares of the company’s stock valued at $12,411,000 after buying an additional 150,567 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EH has been the subject of a number of research reports. Bank of America reaffirmed a “buy” rating on shares of EHang in a research note on Thursday, March 12th. Wall Street Zen raised shares of EHang from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EHang currently has a consensus rating of “Hold” and an average target price of $22.47.

EHang Stock Down 1.5%

NASDAQ:EH opened at $10.21 on Friday. EHang has a 1-year low of $9.06 and a 1-year high of $20.85. The company has a 50-day moving average of $11.20 and a 200 day moving average of $13.51. The firm has a market cap of $734.00 million, a PE ratio of -23.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.12 and a quick ratio of 1.98.

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.