EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s stock price traded up 4.6% during trading on Wednesday . The stock traded as high as $16.42 and last traded at $16.51. 967,013 shares were traded during trading, a decline of 41% from the average session volume of 1,650,397 shares. The stock had previously closed at $15.78.
Analysts Set New Price Targets
A number of research firms recently weighed in on EH. Jefferies Financial Group started coverage on shares of EHang in a report on Monday, May 5th. They issued a "buy" rating and a $30.40 price objective on the stock. Deutsche Bank Aktiengesellschaft raised EHang from a "hold" rating to a "buy" rating and cut their price target for the company from $22.00 to $20.00 in a report on Monday, April 14th. Bank of America decreased their price objective on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Daiwa Capital Markets began coverage on EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price on the stock. Finally, Daiwa America upgraded EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EHang presently has a consensus rating of "Buy" and an average price target of $25.28.
View Our Latest Research Report on EHang
EHang Stock Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The stock has a market cap of $1.14 billion, a P/E ratio of -29.48 and a beta of 1.10. The company has a fifty day moving average of $17.40 and a 200 day moving average of $18.00.
Hedge Funds Weigh In On EHang
Several hedge funds have recently made changes to their positions in EH. BNP Paribas Financial Markets acquired a new position in EHang in the fourth quarter worth approximately $428,000. Norges Bank purchased a new stake in EHang during the fourth quarter valued at about $3,809,000. SBI Securities Co. Ltd. acquired a new position in shares of EHang in the fourth quarter worth about $431,000. Marshall Wace LLP boosted its holdings in shares of EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock worth $1,605,000 after buying an additional 17,614 shares during the period. Finally, Headlands Technologies LLC increased 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 acquiring an additional 55,318 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.
About EHang
(
Get Free Report)
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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