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

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.04 and last traded at $9.1730, with a volume of 127157 shares changing hands. The stock had previously closed at $9.32.

Analysts Set New Price Targets

EH has been the subject of several research analyst reports. Bank of America restated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised EHang from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.50.

EHang Stock Performance

The company has a market cap of $667.79 million, a PE ratio of -21.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.98 and a current ratio of 2.12. The firm’s 50 day moving average is $10.60 and its 200-day moving average is $12.66.

Institutional Investors Weigh In On EHang

A number of large investors have recently made changes to their positions in EH. Leonteq Securities AG purchased a new position in EHang during the fourth quarter worth approximately $26,000. Bessemer Group Inc. purchased a new stake in shares of EHang in the first quarter valued at about $51,000. Legal & General Group Plc grew 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 purchasing an additional 2,136 shares during the period. Daiwa Securities Group Inc. increased its position in EHang by 47.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after purchasing an additional 1,553 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in EHang during the third quarter worth about $117,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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.