EHang (NASDAQ:EH) Sets New 1-Year Low – Here’s Why

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) reached a new 52-week low on Tuesday . The company traded as low as $9.04 and last traded at $9.1730, with a volume of 127157 shares traded. The stock had previously closed at $9.32.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EH. Weiss Ratings downgraded shares of EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Bank of America restated a “buy” rating on shares of EHang in a report on Thursday, March 12th. 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 analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.50.

EHang Trading Down 0.3%

The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt-to-equity ratio of 0.07. The firm has a market cap of $667.79 million, a PE ratio of -21.10 and a beta of 1.14. The business has a fifty day moving average price of $10.60 and a 200 day moving average price of $12.66.

Institutional Trading of EHang

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of EHang by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after buying an additional 671 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in EHang by 47.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock valued at $63,000 after acquiring an additional 1,553 shares in the last quarter. Leonteq Securities AG boosted its stake in EHang by 100.0% in the first quarter. Leonteq Securities AG now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of EHang by 171.7% during the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock worth $59,000 after purchasing an additional 2,136 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of EHang by 5.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock worth $1,164,000 after purchasing an additional 3,110 shares in the last quarter. Hedge funds and other 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.