EHang Holdings Limited (NASDAQ:EH - Get Free Report) rose 3.1% during trading on Monday . The company traded as high as $21.21 and last traded at $21.39. Approximately 927,813 shares traded hands during trading, a decline of 44% from the average daily volume of 1,647,748 shares. The stock had previously closed at $20.75.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on EH. CICC Research started coverage on shares of EHang in a research report on Thursday, January 2nd. They issued an "outperform" rating for the company. Daiwa America upgraded EHang to a "strong-buy" rating in a report on Tuesday. Finally, Daiwa Capital Markets began coverage on EHang in a research report on Wednesday. They issued a "buy" rating and a $30.00 price target for the company. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $26.50.
Check Out Our Latest Report on EHang
EHang Stock Down 11.7 %
The company's fifty day simple moving average is $21.78 and its 200-day simple moving average is $17.69. 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 firm has a market capitalization of $1.06 billion, a PE ratio of -30.98 and a beta of 0.99.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new stake in EHang in the fourth quarter valued at approximately $378,000. Lighthouse Investment Partners LLC purchased a new stake in shares of EHang in the 4th quarter valued at $1,977,000. Cubist Systematic Strategies LLC increased its stake in shares of EHang by 151.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company's stock worth $1,745,000 after acquiring an additional 66,724 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of EHang during the fourth quarter worth $428,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in EHang during the fourth quarter valued at $369,000. 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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