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

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) was the recipient of some unusual options trading activity on Wednesday. Investors bought 7,505 put options on the company. This represents an increase of approximately 222% compared to the average daily volume of 2,332 put options.

Wall Street Analysts Forecast Growth

EH has been the topic of several research analyst reports. UBS Group lowered EHang from a “buy” rating to a “neutral” rating and set a $11.10 price objective on the stock. in a research note on Thursday, June 4th. Dbs Bank lowered EHang from a “buy” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded EHang from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, The Goldman Sachs Group downgraded shares of EHang from a “buy” rating to a “neutral” rating and set a $7.30 price objective on the stock. in a report on Tuesday, July 14th. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $6.70.

EHang Stock Performance

EH stock traded up $0.06 during mid-day trading on Wednesday, hitting $4.58. 379,075 shares of the company were exchanged, compared to its average volume of 805,982. EHang has a 1-year low of $4.31 and a 1-year high of $20.20. The stock has a market capitalization of $343.67 million, a PE ratio of -7.38 and a beta of 1.17. The business has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $8.03. The company has a current ratio of 1.84, a quick ratio of 1.65 and a debt-to-equity ratio of 0.13.

EHang (NASDAQ:EH) last posted its earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $11.46 million during the quarter. EHang had a negative net margin of 74.74% and a negative return on equity of 32.73%. On average, equities analysts forecast that EHang will post -0.79 earnings per share for the current year.

EHang announced that its board has initiated a stock buyback plan on Monday, June 8th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of EHang during the fourth quarter worth $2,591,000. SteelPeak Wealth LLC grew its stake in shares of EHang by 452.6% in the first quarter. SteelPeak Wealth LLC now owns 73,838 shares of the company’s stock valued at $717,000 after acquiring an additional 60,476 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of EHang by 110.1% in the second quarter. Squarepoint Ops LLC now owns 91,697 shares of the company’s stock valued at $601,000 after acquiring an additional 48,048 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in EHang by 24.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock worth $362,000 after acquiring an additional 10,860 shares during the period. Finally, Bank of America Corp DE increased its position in EHang by 187.6% during the first quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock worth $294,000 after acquiring an additional 19,771 shares during the period. Institutional investors own 94.03% of the company’s stock.

EHang Company Profile

EHang Holdings Limited is a China-based technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight systems, and supporting infrastructure intended to enable pilotless passenger transportation and other low-altitude aerial services.

Its product portfolio includes the EH216 series of electric vertical takeoff and landing (eVTOL) aircraft, including the EH216-S passenger-carrying model. EHang also develops AAV applications for logistics, medical and emergency response, firefighting, aerial media, and other specialized uses, along with command-and-control systems and related operational services.

Founded in 2014 and headquartered in Guangzhou, China, EHang has conducted demonstration flights, commercial-operation trials, and partnerships in China and selected international markets.