EHang (NASDAQ:EH) Reaches New 12-Month Low – Time to Sell?

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $7.72 and last traded at $7.89, with a volume of 3146459 shares trading hands. The stock had previously closed at $9.23.

Analyst Ratings Changes

A number of brokerages recently issued reports on EH. UBS Group lowered EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a report on Thursday. Bank of America reiterated a “buy” rating on shares of EHang in a report on Thursday, March 12th. Weiss Ratings lowered EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Finally, Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, EHang currently has an average rating of “Hold” and an average price target of $12.05.

EHang Stock Down 14.5%

The company has a market cap of $592.70 million, a P/E ratio of -17.93 and a beta of 1.13. The company has a quick ratio of 1.93, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $10.13 and its 200 day moving average is $11.98.

Hedge Funds Weigh In On EHang

A number of large investors have recently bought and sold shares of EH. Leonteq Securities AG bought a new position in EHang in the fourth quarter worth approximately $26,000. Bessemer Group Inc. bought a new position in EHang in the first quarter worth approximately $51,000. Legal & General Group Plc raised its stake in EHang by 171.7% in the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock worth $59,000 after buying an additional 2,136 shares in the last quarter. Daiwa Securities Group Inc. raised 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 worth $63,000 after buying an additional 1,553 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in EHang in the third quarter worth approximately $117,000. Institutional investors 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.