EHang (NASDAQ:EH) Posts Earnings Results, Beats Expectations By $0.07 EPS

EHang (NASDAQ:EH) released its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.07, FiscalAI reports. EHang had a negative net margin of 44.56% and a negative return on equity of 21.16%. The business had revenue of $3.72 million during the quarter, compared to the consensus estimate of $8.87 million.

EHang Price Performance

Shares of NASDAQ EH opened at $8.71 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 1.93. The firm has a market capitalization of $654.30 million, a PE ratio of -19.80 and a beta of 1.13. EHang has a 1-year low of $7.72 and a 1-year high of $20.45. The business’s fifty day moving average price is $10.11 and its two-hundred day moving average price is $11.92.

EHang declared that its Board of Directors has approved a share buyback program on Monday, June 8th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of EHang

A number of large investors have recently modified their holdings of EH. Norges Bank acquired a new stake in shares of EHang in the 4th quarter worth about $7,131,000. Tiger Pacific Capital LP acquired a new stake in shares of EHang in the 3rd quarter worth about $8,948,000. Vident Advisory LLC acquired a new stake in shares of EHang in the 4th quarter worth about $1,653,000. Quadrature Capital Ltd increased its holdings in shares of EHang by 270.9% in the 3rd quarter. Quadrature Capital Ltd now owns 132,176 shares of the company’s stock worth $2,457,000 after acquiring an additional 96,542 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of EHang in the 4th quarter worth about $885,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EH shares. Bank of America restated a “buy” rating on shares of EHang in a research note on Thursday, March 12th. Weiss Ratings cut shares of EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. UBS Group lowered shares of EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a report on Thursday. Finally, Wall Street Zen raised shares of EHang from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, EHang presently has an average rating of “Hold” and an average price target of $12.05.

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.