EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Rating of “Moderate Buy” by Analysts

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.48.

Several research firms recently commented on EH. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research note on Wednesday, October 8th. Dbs Bank started coverage on EHang in a research report on Thursday, October 2nd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. downgraded EHang from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Finally, Wall Street Zen cut EHang from a “hold” rating to a “sell” rating in a research note on Friday, November 28th.

Hedge Funds Weigh In On EHang

A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in EHang in the 2nd quarter valued at approximately $1,009,000. Carrhae Capital LLP purchased a new position in shares of EHang in the second quarter worth $4,717,000. Cetera Investment Advisers purchased a new position in shares of EHang in the first quarter worth $754,000. Trexquant Investment LP bought a new position in shares of EHang during the first quarter valued at $615,000. Finally, Eleva Capital SAS purchased a new stake in shares of EHang during the second quarter valued at $804,000. Institutional investors own 94.03% of the company’s stock.

EHang Stock Performance

Shares of EH stock opened at $14.41 on Tuesday. The company’s fifty day moving average price is $16.54 and its 200-day moving average price is $16.97. The stock has a market cap of $1.04 billion, a PE ratio of -25.73 and a beta of 0.56. 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 12 month low of $12.71 and a 12 month high of $29.76.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.