EHang Holdings Limited (NASDAQ:EH) Receives Average Rating of "Buy" from Analysts

Shares of EHang Holdings Limited (NASDAQ:EH - Get Free Report) have received a consensus rating of "Buy" from the seven research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.88.

EH has been the subject of several research analyst reports. Daiwa Capital Markets started coverage on EHang in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 price objective for the company. Daiwa America upgraded shares of EHang to a "strong-buy" rating in a report on Tuesday, April 1st. CICC Research initiated coverage on shares of EHang in a report on Thursday, January 2nd. They set an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and dropped their target price for the company from $22.00 to $20.00 in a report on Monday, April 14th.

EHang Stock Performance

Shares of EHang stock traded up $0.02 during trading hours on Monday, hitting $16.75. 364,764 shares of the company were exchanged, compared to its average volume of 1,648,611. The business has a 50-day moving average of $19.80 and a 200-day moving average of $17.83. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -31.02 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EH. Norges Bank purchased a new position in shares of EHang in the 4th quarter valued at $3,809,000. SBI Securities Co. Ltd. purchased a new position in EHang in the fourth quarter valued at about $431,000. Headlands Technologies LLC boosted its position in shares of EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock worth $913,000 after buying an additional 55,318 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in shares of EHang by 22.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after buying an additional 33,000 shares during the period. Finally, XTX Topco Ltd acquired a new position in EHang during the 4th quarter worth approximately $611,000. 94.03% of the stock is owned by institutional investors and hedge funds.

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.