EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives Consensus Rating of “Hold” from Brokerages

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.05.

A number of research analysts have issued reports on the company. Bank of America restated a “buy” rating on shares of EHang in a research note on Tuesday, June 9th. Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings downgraded EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Finally, UBS Group downgraded EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a research note on Thursday, June 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Leonteq Securities AG bought a new position in shares of EHang during the 4th quarter worth $26,000. Bessemer Group Inc. bought a new position in shares of EHang during the 1st quarter worth $51,000. Legal & General Group Plc grew its stake in shares of EHang by 171.7% during the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock worth $59,000 after acquiring an additional 2,136 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of EHang by 47.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after acquiring an additional 1,553 shares during the period. Finally, Advisory Services Network LLC bought a new position in EHang in the 3rd quarter worth about $117,000. Institutional investors own 94.03% of the company’s stock.

EHang Price Performance

Shares of NASDAQ:EH opened at $6.13 on Monday. The company has a market capitalization of $460.49 million, a PE ratio of -11.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.87 and a quick ratio of 1.70. The business has a fifty day moving average price of $9.08 and a two-hundred day moving average price of $11.20. EHang has a 1 year low of $6.03 and a 1 year high of $20.45.

EHang declared that its board has authorized a stock repurchase program on Monday, June 8th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

About EHang

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.