EHang (NASDAQ:EH) Upgraded to “Hold” at Wall Street Zen

EHang (NASDAQ:EH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Bank of America reissued a “buy” rating on shares of EHang in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.48.

EHang Stock Down 3.2%

EH stock opened at $9.39 on Friday. EHang has a 1-year low of $9.39 and a 1-year high of $22.10. The business’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $14.49. The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $675.05 million, a PE ratio of -21.34 and a beta of 0.96.

Hedge Funds Weigh In On EHang

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of EHang by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after purchasing an additional 671 shares during the period. Daiwa Securities Group Inc. boosted its stake in EHang by 47.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock valued at $63,000 after purchasing an additional 1,553 shares during the period. Leonteq Securities AG acquired a new position in EHang in the 4th quarter valued at $26,000. Legal & General Group Plc grew its holdings in EHang by 171.7% in the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after buying an additional 2,136 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in EHang by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock worth $1,164,000 after buying an additional 3,110 shares during the period. Institutional investors own 94.03% of the company’s stock.

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.