EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts have a consensus “Reduce” rating on EHang, with three sells and five holds among eight analysts. The average 12-month price target is $6.70.
• EHang shares opened at $4.10, near their one-year low of $4.01 and well below the 200-day moving average of $7.25; the stock has a market capitalization of about $308 million.
• The company reported a quarterly loss of $0.11 per share on $11.46 million in revenue, alongside a negative net margin of 74.74%; analysts expect a full-year loss of $0.72 per share.

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) has received an average recommendation of "Reduce" from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.70.

A number of analysts recently commented on EH shares. Dbs Bank lowered EHang from a "buy" rating to a "hold" rating in a research report on Friday, August 28th. Weiss Ratings downgraded shares of EHang from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, July 14th. Bank of America restated an "underperform" rating and issued a $5.40 price objective (down from $13.00) on shares of EHang in a report on Wednesday, July 8th. Zacks Research raised shares of EHang from a "strong sell" rating to a "hold" rating in a research note on Friday, September 4th. Finally, The Goldman Sachs Group lowered shares of EHang from a "buy" rating to a "neutral" rating and set a $7.30 target price for the company. in a report on Tuesday, July 14th.

Institutional Investors Weigh In On EHang

A number of institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its stake in EHang by 110.1% in the second quarter. Squarepoint Ops LLC now owns 91,697 shares of the company's stock valued at $601,000 after buying an additional 48,048 shares during the period. Headlands Technologies LLC grew its position in shares of EHang by 26.7% during the 2nd quarter. Headlands Technologies LLC now owns 19,964 shares of the company's stock worth $131,000 after buying an additional 4,209 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of EHang by 24.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company's stock valued at $362,000 after acquiring an additional 10,860 shares during the last quarter. Bank of America Corp DE increased its stake in shares of EHang by 187.6% in the 1st quarter. Bank of America Corp DE now owns 30,312 shares of the company's stock valued at $294,000 after acquiring an additional 19,771 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of EHang in the 1st quarter valued at approximately $51,000. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Price Performance

EH opened at $4.10 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.84 and a quick ratio of 1.65. The stock has a market capitalization of $307.99 million, a P/E ratio of -6.61 and a beta of 1.15. The company's 50 day simple moving average is $4.89 and its 200-day simple moving average is $7.25. EHang has a one year low of $4.01 and a one year high of $19.61.

EHang (NASDAQ:EH - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.11) earnings per share for the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%.The company had revenue of $11.46 million during the quarter. Sell-side analysts anticipate that EHang will post -0.72 earnings per share for the current fiscal year.

EHang Company Profile

EHang Holdings Limited is a technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight technologies, command-and-control systems, and supporting services designed for passenger transportation, logistics, aerial firefighting, public safety, and other commercial applications.

EHang's product portfolio includes the EH216 series, an electric vertical takeoff and landing (eVTOL) aircraft family designed for autonomous passenger and cargo operations.

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