EHang (NASDAQ:EH) Raised to “Hold” at Wall Street Zen

EHang (NASDAQ:EH) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research note on Wednesday, January 21st. JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $13.00 in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, EHang has a consensus rating of “Moderate Buy” and a consensus price target of $23.48.

EHang Stock Performance

Shares of EH stock opened at $11.51 on Friday. The company’s fifty day moving average price is $12.91 and its 200-day moving average price is $15.07. The stock has a market cap of $827.45 million, a PE ratio of -20.55 and a beta of 0.96. 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 $11.07 and a 12 month high of $25.79.

Hedge Funds Weigh In On EHang

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in EHang by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,781 shares of the company’s stock valued at $2,628,000 after purchasing an additional 13,376 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of EHang by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after acquiring an additional 671 shares in the last quarter. Legal & General Group Plc increased its position 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 valued at $59,000 after acquiring an additional 2,136 shares in the last quarter. XTX Topco Ltd purchased a new position in EHang in the 2nd quarter worth approximately $1,009,000. Finally, Hel Ved Capital Management Ltd lifted its position in EHang by 302.3% in the 2nd quarter. Hel Ved Capital Management Ltd now owns 245,431 shares of the company’s stock valued at $4,261,000 after acquiring an additional 184,431 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.