EHang (NASDAQ:EH) Stock Price Down 5.7% - What's Next?

EHang Holdings Limited (NASDAQ:EH - Get Free Report) shares fell 5.7% during trading on Tuesday . The company traded as low as $17.31 and last traded at $17.50. 463,936 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,302,042 shares. The stock had previously closed at $18.55.

Analyst Ratings Changes

A number of brokerages recently issued reports on EH. UBS Group assumed coverage on shares of EHang in a report on Wednesday, August 28th. They set a "buy" rating and a $22.00 price target on the stock. China Renaissance started coverage on shares of EHang in a research note on Tuesday, September 24th. They set a "buy" rating on the stock.

EHang Stock Down 7.1 %

The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -29.97 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. The business's 50-day moving average is $14.57 and its two-hundred day moving average is $14.97.

EHang (NASDAQ:EH - Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. The company had revenue of $14.04 million for the quarter. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Equities analysts anticipate that EHang Holdings Limited will post -0.41 EPS for the current year.

Institutional Trading of EHang

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its position in shares of EHang by 34.3% during the first quarter. GSA Capital Partners LLP now owns 48,370 shares of the company's stock worth $995,000 after buying an additional 12,355 shares during the period. Hennion & Walsh Asset Management Inc. grew its position 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 acquiring an additional 14,705 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in EHang during the second quarter worth about $883,000. Vanguard Group Inc. increased its stake in EHang by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company's stock worth $32,166,000 after purchasing an additional 8,228 shares during the period. Finally, Comerica Bank lifted its position in shares of EHang by 685.1% during the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $26,000 after purchasing an additional 1,103 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Company Profile

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.