Traders Buy Large Volume of Put Options on EHang (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the recipient of some unusual options trading on Thursday. Stock traders purchased 33,712 put options on the company. This is an increase of approximately 634% compared to the average daily volume of 4,593 put options.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. China Renaissance assumed coverage on EHang in a report on Tuesday, September 24th. They set a “buy” rating for the company. UBS Group started coverage on shares of EHang in a research note on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price for the company.

EHang Stock Down 0.2 %

EHang stock traded down $0.03 during mid-day trading on Friday, hitting $16.55. 1,506,553 shares of the company’s stock were exchanged, compared to its average volume of 1,329,802. The stock has a market cap of $1.05 billion, a P/E ratio of -28.53 and a beta of 0.99. The stock has a 50 day moving average of $15.50 and a two-hundred day moving average of $14.96. EHang has a 1-year low of $9.51 and a 1-year high of $22.98. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. The company had revenue of $14.04 million during the quarter. During the same quarter last year, the firm earned ($0.18) earnings per share. As a group, analysts anticipate that EHang will post -0.41 EPS for the current fiscal year.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank increased its position in EHang by 685.1% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after buying an additional 1,103 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of EHang in the third quarter worth $104,000. Point72 Hong Kong Ltd bought a new position in EHang during the third quarter worth $118,000. Quantbot Technologies LP raised its stake in EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after purchasing an additional 4,101 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in EHang in the 2nd quarter worth $383,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.