EHang Holdings Limited Unsponsored ADR (NASDAQ:EH – Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders bought 23,229 call options on the stock. This represents an increase of 1,049% compared to the average daily volume of 2,022 call options.
EHang Trading Up 1.0%
Shares of NASDAQ EH traded up $0.05 during midday trading on Monday, reaching $5.17. 421,353 shares of the stock were exchanged, compared to its average volume of 837,031. The business has a 50-day simple moving average of $7.68 and a two-hundred day simple moving average of $10.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.87 and a quick ratio of 1.70. The company has a market capitalization of $388.37 million, a price-to-earnings ratio of -9.57 and a beta of 1.13. EHang has a 12 month low of $4.99 and a 12 month high of $20.45.
EHang announced that its Board of Directors has initiated a stock repurchase program on Monday, June 8th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Institutional Trading of EHang
Wall Street Analysts Forecast Growth
EH has been the subject of several recent research reports. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 14th. UBS Group downgraded shares of EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a report on Thursday, June 4th. Bank of America reiterated an “underperform” rating and issued a $5.40 price objective (down from $13.00) on shares of EHang in a research report on Wednesday, July 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $4.40 target price (down from $9.70) on shares of EHang in a research report on Monday, July 6th. Finally, Zacks Research lowered EHang from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $7.18.
Check Out Our Latest Research Report on EH
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.
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