EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $13.29, but opened at $13.90. EHang shares last traded at $14.27, with a volume of 849,257 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have commented on EH. UBS Group began coverage on EHang in a research note on Wednesday, August 28th. They issued a "buy" rating and a $22.00 price target for the company. China Renaissance began coverage on EHang in a research note on Tuesday, September 24th. They issued a "buy" rating for the company.
Get Our Latest Stock Report on EH
EHang Stock Performance
The stock has a market capitalization of $892.95 million, a PE ratio of -26.04 and a beta of 0.99. The company has a quick ratio of 1.99, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $15.77 and a 200-day moving average price of $14.82.
EHang (NASDAQ:EH - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The company had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 56.12% and a negative net margin of 73.03%. During the same quarter last year, the business posted ($0.18) earnings per share. Research analysts expect that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.
Institutional Trading of EHang
Several institutional investors have recently bought and sold shares of EH. Russell Investments Group Ltd. acquired a new stake in EHang in the first quarter valued at approximately $484,000. Vanguard Group Inc. lifted its position in EHang by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company's stock worth $32,166,000 after buying an additional 8,228 shares in the last quarter. Comerica Bank lifted its position in EHang by 685.1% during the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $26,000 after buying an additional 1,103 shares in the last quarter. DNB Asset Management AS boosted its stake in EHang by 24.9% during the second quarter. DNB Asset Management AS now owns 40,992 shares of the company's stock worth $557,000 after buying an additional 8,174 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of EHang in the 2nd quarter worth $883,000. 94.03% of the stock is 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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