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

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $23.48.

A number of brokerages have weighed in on EH. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of EHang from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Finally, JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th.

EHang Stock Down 1.1%

Shares of NASDAQ:EH opened at $12.20 on Friday. EHang has a 1 year low of $11.23 and a 1 year high of $28.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.33 and a quick ratio of 2.17. The business’s 50-day moving average is $13.17 and its 200-day moving average is $15.45. The company has a market capitalization of $877.06 million, a price-to-earnings ratio of -21.79 and a beta of 0.91.

Hedge Funds Weigh In On EHang

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Leonteq Securities AG bought a new position in EHang in the 4th quarter valued at about $26,000. Legal & General Group Plc lifted 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 in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,553 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of EHang during the third quarter valued at approximately $117,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in EHang by 3,147.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company’s stock worth $113,000 after buying an additional 6,327 shares in the last quarter. 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.