Shares of EHang Holdings Limited (NASDAQ:EH - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $14.44, but opened at $15.41. EHang shares last traded at $15.74, with a volume of 780,026 shares trading hands.
Analyst Ratings Changes
A number of brokerages have weighed in on EH. Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and decreased their price target for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Daiwa America raised EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. CICC Research began coverage on shares of EHang in a report on Thursday, January 2nd. They issued an "outperform" rating on the stock. Finally, Daiwa Capital Markets initiated coverage on shares of EHang in a report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EHang currently has an average rating of "Buy" and a consensus target price of $24.88.
Get Our Latest Analysis on EH
EHang Price Performance
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 stock has a market capitalization of $941.79 million, a PE ratio of -27.46 and a beta of 0.99. The firm's 50 day simple moving average is $21.15 and its 200 day simple moving average is $17.88.
Institutional Trading of EHang
A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its holdings in shares of EHang by 2.9% in the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock worth $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 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock worth $437,000 after purchasing an additional 1,313 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after acquiring an additional 1,472 shares during the last quarter. Natixis purchased a new stake in shares of EHang in the 4th quarter worth $25,000. Finally, JPMorgan Chase & Co. bought a new position in EHang in the 4th quarter worth $79,000. Institutional investors own 94.03% of the company's stock.
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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