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

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

Hedge Funds Weigh In On EHang

A number of hedge funds have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft purchased a new position in EHang in the second quarter valued at $883,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of EHang by 13.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock worth $510,000 after acquiring an additional 4,353 shares in the last quarter. Vanguard Group Inc. lifted its stake in EHang by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock valued at $32,166,000 after buying an additional 8,228 shares in the last quarter. Comerica Bank increased its holdings in shares of EHang by 685.1% during 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 last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of EHang during the 1st quarter worth $484,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Up 1.8 %

Shares of EH traded up $0.30 during mid-day trading on Friday, hitting $16.88. 244,338 shares of the company’s stock traded hands, compared to its average volume of 1,323,865. The firm has a market capitalization of $1.07 billion, a P/E ratio of -28.59 and a beta of 0.99. The business’s 50-day moving average price is $15.40 and its 200-day moving average price is $14.97. EHang has a 1 year low of $9.51 and a 1 year high of $22.98. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

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

Analyst Upgrades and Downgrades

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

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.