EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $17.21, but opened at $18.02. EHang shares last traded at $17.71, with a volume of 409,048 shares trading hands.
Analyst Ratings Changes
Several analysts have weighed in on EH shares. UBS Group initiated coverage on EHang in a research note on Wednesday, August 28th. They set a "buy" rating and a $22.00 price target on the stock. China Renaissance initiated coverage on shares of EHang in a report on Tuesday, September 24th. They set a "buy" rating for the company.
Check Out Our Latest Analysis on EHang
EHang Price Performance
The stock's 50-day simple moving average is $14.44 and its two-hundred day simple moving average is $14.97. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -31.67 and a beta of 1.01. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.
EHang (NASDAQ:EH - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm 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 in the previous year, the company earned ($0.18) earnings per share. Equities research analysts predict that EHang Holdings Limited will post -0.41 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its holdings in EHang by 685.1% in the first quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $26,000 after acquiring an additional 1,103 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of EHang in the 1st quarter valued at $228,000. Russell Investments Group Ltd. acquired a new position in shares of EHang in the 1st quarter valued at $484,000. XTX Topco Ltd acquired a new stake in shares of EHang during the 2nd quarter worth about $383,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in EHang by 79.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 33,166 shares of the company's stock valued at $682,000 after buying an additional 14,705 shares during the period. Hedge funds and other institutional investors 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.
Further Reading
Before you consider EHang, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EHang wasn't on the list.
While EHang currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
