EHang Holdings Limited (NASDAQ:EH - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $16.68, but opened at $17.51. EHang shares last traded at $17.68, with a volume of 397,388 shares.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on EH. China Renaissance began coverage on EHang in a report on Tuesday, September 24th. They issued a "buy" rating on the stock. UBS Group began coverage on EHang in a report on Wednesday, August 28th. They issued a "buy" rating and a $22.00 price target on the stock.
Check Out Our Latest Stock Analysis on EH
EHang Trading Up 10.5 %
The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -31.78 and a beta of 0.99. The firm has a 50-day moving average price of $14.96 and a 200-day moving average price of $14.97. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02.
EHang (NASDAQ:EH - Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $14.04 million during the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter last year, the firm earned ($0.18) EPS. As a group, sell-side analysts predict that EHang Holdings Limited will post -0.41 EPS for the current year.
Institutional Trading of EHang
Several hedge funds and other institutional investors have recently modified their holdings of EH. SteelPeak Wealth LLC boosted its position in EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company's stock valued at $949,000 after purchasing an additional 27,805 shares during the last quarter. XTX Topco Ltd acquired a new stake in EHang during the second quarter valued at $383,000. Axim Planning & Wealth boosted its position in EHang by 12.5% during the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company's stock valued at $63,742,000 after purchasing an additional 520,733 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in EHang by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company's stock valued at $510,000 after purchasing an additional 4,353 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in EHang during the second quarter valued at $883,000. Institutional investors and hedge funds own 94.03% of the company's stock.
About EHang
(
Get Free Report)
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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