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

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) saw unusually large options trading activity on Monday. Investors purchased 11,152 call options on the stock. This represents an increase of 616% compared to the average daily volume of 1,558 call options.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EH shares. UBS Group downgraded EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target on the stock. in a research report on Thursday, June 4th. Wall Street Zen cut EHang from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings lowered EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Finally, Bank of America reissued a “buy” rating on shares of EHang in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.05.

Institutional Investors Weigh In On EHang

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of EHang by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after purchasing an additional 671 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in EHang by 47.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after purchasing an additional 1,553 shares in the last quarter. Leonteq Securities AG purchased a new position in EHang during the fourth quarter valued at $26,000. Legal & General Group Plc lifted its position in EHang by 171.7% during the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after buying an additional 2,136 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of EHang by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock valued at $1,164,000 after buying an additional 3,110 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

EHang Trading Down 1.8%

EHang stock traded down $0.13 during trading hours on Monday, reaching $6.90. The company had a trading volume of 462,733 shares, compared to its average volume of 787,531. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.87 and a quick ratio of 1.70. EHang has a 12-month low of $6.49 and a 12-month high of $20.45. The company has a 50-day moving average price of $9.53 and a 200 day moving average price of $11.47. The firm has a market cap of $518.40 million, a price-to-earnings ratio of -12.78 and a beta of 1.13.

EHang declared that its Board of Directors has initiated a stock repurchase program on Monday, June 8th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

About EHang

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.