Morgan Stanley started coverage on shares of EHang (NASDAQ:EH - Free Report) in a report published on Monday morning, MarketBeat reports. The firm issued an overweight rating and a $27.50 target price on the stock.
EHang Price Performance
Shares of NASDAQ:EH traded up $1.32 during midday trading on Monday, reaching $18.70. The company's stock had a trading volume of 3,427,124 shares, compared to its average volume of 1,260,029. The business's fifty day simple moving average is $16.53 and its 200-day simple moving average is $15.04. The company has a market capitalization of $1.19 billion, a P/E ratio of -26.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.57. EHang has a fifty-two week low of $9.50 and a fifty-two week high of $25.78.
EHang (NASDAQ:EH - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The business had revenue of $7.97 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Axim Planning & Wealth boosted its holdings in shares of EHang by 4.1% during the fourth quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company's stock worth $65,560,000 after acquiring an additional 155,494 shares during the period. DNB Asset Management AS acquired a new stake in EHang in the fourth quarter worth $605,000. Vanguard Group Inc. grew its stake in shares of EHang by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company's stock valued at $27,922,000 after buying an additional 24,121 shares during the period. Carmignac Gestion increased its holdings in shares of EHang by 24.2% during the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company's stock valued at $33,539,000 after acquiring an additional 363,962 shares in the last quarter. Finally, Dfpg Investments LLC increased its stake in EHang by 26.5% during the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company's stock valued at $312,000 after purchasing an additional 4,205 shares in the last quarter. Institutional investors own 94.03% of the company's stock.
EHang Company Profile
(
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.
Featured Stories
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
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
