Research analysts at Daiwa Capital Markets started coverage on shares of EHang (NASDAQ:EH - Get Free Report) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $30.00 price target on the stock. Daiwa Capital Markets' price target would suggest a potential upside of 87.77% from the stock's previous close.
Separately, CICC Research initiated coverage on shares of EHang in a research note on Thursday, January 2nd. They set an "outperform" rating for the company. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EHang presently has an average rating of "Buy" and a consensus target price of $26.50.
Check Out Our Latest Research Report on EHang
EHang Stock Down 4.5 %
Shares of EHang stock traded down $0.75 during trading hours on Wednesday, hitting $15.98. The company had a trading volume of 1,762,722 shares, compared to its average volume of 1,659,325. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The company's 50-day moving average is $21.78 and its two-hundred day moving average is $17.80. The company has a market cap of $1.01 billion, a P/E ratio of -29.63 and a beta of 0.99. EHang has a twelve month low of $10.40 and a twelve month high of $29.76.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in EHang by 2.9% in the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock valued at $627,000 after acquiring an additional 1,112 shares during the period. Geode Capital Management LLC lifted its stake in shares of EHang by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock valued at $437,000 after purchasing an additional 1,313 shares during the period. Tower Research Capital LLC TRC boosted its holdings in EHang by 247.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares in the last quarter. Natixis acquired a new position in EHang during the fourth quarter worth about $25,000. Finally, Quantbot Technologies LP grew its position in EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after buying an additional 4,101 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.
EHang Company Profile
(
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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.
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