EHang (NASDAQ:EH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of EHang (NASDAQ:EH) from a sell rating to a hold rating in a report released on Saturday morning.

Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded EHang from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of EHang in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.48.

EHang Stock Performance

NASDAQ:EH opened at $11.51 on Friday. The stock has a market capitalization of $827.45 million, a P/E ratio of -20.55 and a beta of 0.96. The company has a current ratio of 2.33, a quick ratio of 2.17 and a debt-to-equity ratio of 0.08. EHang has a 1 year low of $11.07 and a 1 year high of $25.79. The firm has a 50 day moving average of $12.91 and a 200-day moving average of $15.05.

Institutional Trading of EHang

A number of hedge funds and other institutional investors have recently modified their holdings of EH. Baillie Gifford & Co. acquired a new position in EHang during the 4th quarter worth $10,204,000. Norges Bank acquired a new stake in shares of EHang in the 4th quarter valued at $7,131,000. Tiger Pacific Capital LP bought a new stake in shares of EHang during the third quarter worth $8,948,000. Fideuram Asset Management Ireland dac bought a new stake in shares of EHang during the fourth quarter worth $2,591,000. Finally, Eschler Asset Management LLP lifted its stake in shares of EHang by 1,329.8% during the second quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock valued at $3,472,000 after acquiring an additional 186,012 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

About EHang

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.