EHang (NASDAQ:EH) Given Sell (D-) Rating at Weiss Ratings

Key Points

• EHang has been given a "sell (D-)" rating by Weiss Ratings, reaffirming a negative sentiment towards the stock that has faced multiple downgrades recently.
• Despite mixed ratings, with one analyst giving a Strong Buy and others varying between "Buy" and "Sell," the stock has a consensus price target of $26.08.
• Institutional investors hold a significant stake in EHang, with 94.03% of the stock owned by such entities, indicating strong underlying support despite the market volatility.

EHang (NASDAQ:EH - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

EH has been the topic of several other reports. Wall Street Zen lowered EHang from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Dbs Bank started coverage on EHang in a research report on Thursday, October 2nd. They set a "buy" rating on the stock. Finally, JPMorgan Chase & Co. started coverage on EHang in a research report on Thursday, August 21st. They set an "overweight" rating and a $26.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.08.

EHang Trading Down 1.3%

NASDAQ:EH opened at $17.56 on Friday. The business's 50-day moving average is $17.45 and its two-hundred day moving average is $17.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.50 and a quick ratio of 2.32. EHang has a 12 month low of $12.02 and a 12 month high of $29.76. The firm has a market capitalization of $1.26 billion, a PE ratio of -35.12 and a beta of 1.12.

Institutional Trading of EHang

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in EHang by 171.7% in the second quarter. Legal & General Group Plc now owns 3,380 shares of the company's stock valued at $59,000 after buying an additional 2,136 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in EHang by 3,147.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company's stock valued at $113,000 after buying an additional 6,327 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in EHang by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company's stock valued at $127,000 after buying an additional 671 shares during the last quarter. Eschler Asset Management LLP bought a new stake in EHang in the first quarter valued at about $292,000. Finally, Hsbc Holdings PLC bought a new stake in EHang in the second quarter valued at about $300,000. 94.03% of the stock is owned by institutional investors.

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.

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