EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $17.52, but opened at $19.08. EHang shares last traded at $19.14, with a volume of 2,668,082 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on EH shares. China Renaissance began coverage on EHang in a research note on Tuesday, September 24th. They issued a "buy" rating on the stock. UBS Group began coverage on shares of EHang in a report on Wednesday, August 28th. They issued a "buy" rating and a $22.00 price objective on the stock.
Get Our Latest Stock Analysis on EHang
EHang Price Performance
The business's 50 day moving average is $12.98 and its 200-day moving average is $15.17. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.35 billion, a P/E ratio of -34.27 and a beta of 1.01.
EHang (NASDAQ:EH - Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. The company had revenue of $14.04 million during the quarter. During the same quarter in the prior year, the company earned ($0.18) EPS. As a group, sell-side analysts predict that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.
Hedge Funds Weigh In On EHang
Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its stake in EHang by 685.1% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $26,000 after purchasing an additional 1,103 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of 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 buying an additional 4,353 shares during the last quarter. DNB Asset Management AS grew its holdings 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 in the last quarter. Vanguard Group Inc. raised its position in EHang by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company's stock valued at $32,166,000 after buying an additional 8,228 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in EHang during the 1st quarter valued at $228,000. Institutional investors own 94.03% of the company's stock.
EHang Company Profile
(
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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