EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives Consensus Rating of “Moderate Buy” from Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.48.

A number of equities research analysts recently issued reports on EH shares. Wall Street Zen lowered EHang from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Dbs Bank assumed coverage on shares of EHang in a report on Thursday, October 2nd. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th.

Institutional Trading of EHang

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in EHang by 2.8% during the third quarter. Vanguard Group Inc. now owns 2,022,710 shares of the company’s stock valued at $37,562,000 after purchasing an additional 55,913 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of EHang during the 4th quarter worth approximately $10,204,000. Tiger Pacific Capital LP bought a new stake in shares of EHang during the 3rd quarter worth approximately $8,948,000. Norges Bank acquired a new stake in shares of EHang in the 2nd quarter valued at approximately $7,669,000. Finally, Carrhae Capital LLP bought a new position in shares of EHang in the second quarter valued at $4,717,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Stock Performance

Shares of EHang stock opened at $13.27 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.33 and a quick ratio of 2.17. The firm has a market cap of $953.98 million, a price-to-earnings ratio of -23.70 and a beta of 0.48. The stock’s 50-day moving average is $13.85 and its 200-day moving average is $16.23. EHang has a one year low of $12.71 and a one year high of $29.76.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.