EHang Holdings Limited (NASDAQ:EH - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,800,436 shares changed hands during trading, an increase of 35% from the previous session's volume of 1,332,013 shares.The stock last traded at $16.65 and had previously closed at $16.55.
Wall Street Analyst Weigh In
EH has been the subject of several analyst reports. China Renaissance initiated coverage on EHang in a report on Tuesday, September 24th. They issued a "buy" rating for the company. UBS Group initiated coverage on EHang in a report on Wednesday, August 28th. They issued a "buy" rating and a $22.00 price objective for the company.
Check Out Our Latest Research Report on EH
EHang Stock Performance
The company has a 50 day moving average price of $15.57 and a 200-day moving average price of $14.90. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The company has a market cap of $977.36 million, a P/E ratio of -26.53 and a beta of 0.99.
EHang (NASDAQ:EH - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter in the prior year, the company earned ($0.18) EPS. On average, equities analysts expect that EHang Holdings Limited will post -0.41 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of EHang by 685.1% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $26,000 after purchasing an additional 1,103 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of EHang in the 3rd quarter valued at about $104,000. Point72 Hong Kong Ltd acquired a new position in shares of EHang in the 3rd quarter valued at about $118,000. Quantbot Technologies LP lifted its stake in shares of EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock valued at $132,000 after purchasing an additional 4,101 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of EHang in the 1st quarter valued at about $484,000. 94.03% of the stock is owned by institutional investors and hedge funds.
About EHang
(
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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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