EHang (NASDAQ:EH) Reaches New 12-Month Low – What’s Next?

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) reached a new 52-week low on Thursday . The company traded as low as $11.00 and last traded at $10.7790, with a volume of 33270 shares changing hands. The stock had previously closed at $11.17.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a report on Wednesday, January 21st. JPMorgan Chase & Co. lowered EHang from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $13.00 in a research note on Tuesday, November 25th. Bank of America reiterated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Finally, Wall Street Zen lowered EHang from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, EHang has an average rating of “Moderate Buy” and an average price target of $23.48.

EHang Stock Down 8.5%

The company has a market cap of $715.26 million, a P/E ratio of -22.61 and a beta of 0.96. 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 business’s 50 day moving average price is $12.46 and its 200-day moving average price is $14.70.

Hedge Funds Weigh In On EHang

Institutional investors have recently bought and sold shares of the business. Leonteq Securities AG bought a new stake in shares of EHang during the fourth quarter worth $26,000. Legal & General Group Plc raised its holdings in shares of EHang by 171.7% in the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after buying an additional 2,136 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in EHang by 47.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after buying an additional 1,553 shares in the last quarter. Advisory Services Network LLC acquired a new position in EHang during the 3rd quarter worth about $117,000. Finally, JPMorgan Chase & Co. grew its holdings in EHang by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after acquiring an additional 671 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

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.