EHang (NASDAQ:EH - Get Free Report) was upgraded by Daiwa America to a "strong-buy" rating in a research note issued on Tuesday, April 1st,Zacks.com reports.
Other analysts have also issued research reports about the company. CICC Research initiated coverage on EHang in a report on Thursday, January 2nd. They set an "outperform" rating on the stock. Daiwa Capital Markets initiated coverage on EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EHang currently has an average rating of "Buy" and an average price target of $26.50.
Read Our Latest Analysis on EH
EHang Stock Down 4.9 %
EHang stock traded down $0.81 during midday trading on Tuesday, reaching $15.78. The stock had a trading volume of 1,057,499 shares, compared to its average volume of 1,660,273. The firm's fifty day simple moving average is $21.79 and its 200-day simple moving average is $17.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The stock has a market capitalization of $1.00 billion, a P/E ratio of -29.19 and a beta of 0.99. EHang has a 1-year low of $10.40 and a 1-year high of $29.76.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis acquired a new position in shares of EHang during the 4th quarter worth $25,000. Tower Research Capital LLC TRC lifted its stake in shares of EHang by 247.0% in the fourth 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 period. JPMorgan Chase & Co. bought a new stake in shares of EHang in the 4th quarter valued at $79,000. Point72 Asset Management L.P. acquired a new stake in EHang during the 3rd quarter worth about $104,000. Finally, Quantbot Technologies LP grew its stake in EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after purchasing an additional 4,101 shares during the period. 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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