EHang (NASDAQ:EH) Hits New 52-Week Low - Should You Sell?

Key Points

• Shares of EHang hit a new 52-week low, trading as low as $11.00 and last at $10.78, down about 3.1% on the day with roughly 33,270 shares changing hands.
• Analyst sentiment is mixed — several downgrades (e.g., Wall Street Zen to sell, JPMorgan cut its target to $13) but the consensus remains a Moderate Buy with an average price target of $23.48.
• The company has negative earnings (P/E -24.61) but low leverage (debt/equity 0.07) and very high institutional ownership (94%), while the stock trades below its 50-day ($12.61) and 200-day ($14.77) moving averages.

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.00 and last traded at $10.7790, with a volume of 33270 shares. The stock had previously closed at $11.17.

Analysts Set New Price Targets

EH has been the subject of a number of research reports. Wall Street Zen lowered shares of EHang from a "hold" rating to a "sell" rating in a report on Sunday. JPMorgan Chase & Co. cut EHang from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $21.00 to $13.00 in a research note on Tuesday, November 25th. Bank of America restated a "buy" rating on shares of EHang in a research report on Thursday, March 12th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of EHang in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EHang presently has an average rating of "Moderate Buy" and a consensus price target of $23.48.

EHang Trading Down 3.1%

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 stock has a market capitalization of $777.92 million, a P/E ratio of -24.61 and a beta of 0.96. The business's 50 day simple moving average is $12.61 and its 200-day simple moving average is $14.77.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EH. Virtu Financial LLC bought a new stake in EHang in the fourth quarter worth approximately $183,000. Vident Advisory LLC acquired a new stake in shares of EHang during the 4th quarter worth approximately $1,653,000. Millennium Management LLC bought a new stake in shares of EHang in the 4th quarter valued at $885,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of EHang during the 4th quarter valued at $220,000. Finally, FIL Ltd lifted its position in shares of EHang by 2.9% during the 4th quarter. FIL Ltd now owns 1,402,092 shares of the company's stock valued at $18,480,000 after acquiring an additional 39,256 shares during the period. 94.03% of the stock is owned by institutional investors.

EHang Company Profile

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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