EHang Holdings Limited (NASDAQ:EH) Receives $26.50 Consensus Price Target from Analysts

EHang Holdings Limited (NASDAQ:EH - Get Free Report) has earned an average recommendation of "Buy" from the six analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

Several equities analysts have recently issued reports on EH shares. Daiwa Capital Markets initiated coverage on EHang in a report on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 target price for the company. Daiwa America raised EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, CICC Research assumed coverage on shares of EHang in a report on Thursday, January 2nd. They set an "outperform" rating for the company.

Institutional Trading of EHang

A number of institutional investors have recently modified their holdings of the business. Verition Fund Management LLC bought a new position in EHang in the 3rd quarter worth about $508,000. SBI Securities Co. Ltd. bought a new position in shares of EHang in the fourth quarter valued at approximately $431,000. Baader Bank Aktiengesellschaft grew its stake in EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after acquiring an additional 33,000 shares in the last quarter. Headlands Technologies LLC boosted its holdings in EHang by 2,080.4% in the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock valued at $913,000 after purchasing an additional 55,318 shares during the period. Finally, State Street Corp grew its position in EHang by 1.2% during the third quarter. State Street Corp now owns 1,299,186 shares of the company's stock worth $18,370,000 after buying an additional 15,781 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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EHang Stock Down 6.3 %

EHang stock traded down $1.05 during trading on Thursday, hitting $15.54. 1,171,347 shares of the company were exchanged, compared to its average volume of 1,660,798. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $21.79 and its 200 day moving average is $17.83. EHang has a 52 week low of $10.40 and a 52 week high of $29.76. The company has a market capitalization of $986.95 million, a P/E ratio of -28.63 and a beta of 0.99.

EHang Company Profile

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.