EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Moderate Buy consensus from six analysts (4 buy, 1 hold, 1 sell) with an average 12‑month price target of $21.85.
• EH opened at $10.72 and trades well below its 12‑month high of $20.85; market cap is $770.66M with 50‑day/200‑day moving averages of $11.37 and $13.99 respectively.
• Institutional ownership is very high at 94.03%, with recent stake increases by Legal & General, Daiwa, JPMorgan and new positions from Leonteq and Advisory Services Network.

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $21.85.

EH has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EHang in a research report on Wednesday, January 21st. Bank of America reaffirmed a "buy" rating on shares of EHang in a research report on Thursday, March 12th. Finally, Wall Street Zen raised shares of EHang from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th.

EHang Stock Performance

NASDAQ EH opened at $10.72 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.12 and a quick ratio of 1.98. The firm's fifty day moving average price is $11.37 and its 200 day moving average price is $13.99. The company has a market capitalization of $770.66 million, a price-to-earnings ratio of -24.36 and a beta of 1.11. EHang has a 12 month low of $9.06 and a 12 month high of $20.85.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EH. Leonteq Securities AG purchased a new position in shares of EHang in the 4th quarter valued at $26,000. Legal & General Group Plc boosted its stake in 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 purchasing an additional 2,136 shares during the period. Daiwa Securities Group Inc. boosted its stake in 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 purchasing an additional 1,553 shares during the period. Advisory Services Network LLC acquired a new stake in EHang during the 3rd quarter worth $117,000. Finally, JPMorgan Chase & Co. boosted its stake in EHang by 10.1% during the 2nd 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. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.

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