EHang Holdings Limited (NASDAQ:EH - Get Free Report) has earned an average rating of "Buy" from the seven ratings firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $24.88.
Several equities analysts recently weighed in on EH shares. Daiwa Capital Markets began coverage on shares of EHang in a report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Daiwa America upgraded EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, CICC Research initiated coverage on EHang in a research report on Thursday, January 2nd. They set an "outperform" rating on the stock.
View Our Latest Stock Report on EH
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of EHang by 2.9% during the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock valued at $627,000 after purchasing an additional 1,112 shares during the last quarter. Geode Capital Management LLC grew its stake in EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock worth $437,000 after buying an additional 1,313 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares during the last quarter. Natixis acquired a new stake in EHang in the fourth quarter worth $25,000. Finally, JPMorgan Chase & Co. bought a new stake in EHang in the fourth quarter valued at $79,000. Institutional investors and hedge funds own 94.03% of the company's stock.
EHang Trading Up 8.8 %
NASDAQ EH traded up $1.51 during mid-day trading on Monday, reaching $18.71. 897,540 shares of the stock were exchanged, compared to its average volume of 1,648,343. The stock has a market capitalization of $1.19 billion, a PE ratio of -34.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang has a 1-year low of $10.40 and a 1-year high of $29.76. The business's fifty day simple moving average is $19.51 and its 200 day simple moving average is $17.83.
About EHang
(
Get Free ReportEHang 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.
See Also
Before you consider EHang, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EHang wasn't on the list.
While EHang currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
