EHang (NASDAQ:EH) Cut to “Sell” at Wall Street Zen

EHang (NASDAQ:EHGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

EH has been the topic of several other research reports. Bank of America reiterated a “buy” rating on shares of EHang in a report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of EHang in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $13.00 in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.48.

Read Our Latest Stock Analysis on EHang

EHang Stock Down 2.1%

NASDAQ EH opened at $11.85 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.08. The stock has a market cap of $851.90 million, a PE ratio of -26.93 and a beta of 0.96. The business has a 50 day moving average price of $12.76 and a two-hundred day moving average price of $14.86. EHang has a fifty-two week low of $11.07 and a fifty-two week high of $25.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of EHang by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 125,781 shares of the company’s stock valued at $2,628,000 after buying an additional 13,376 shares during the period. JPMorgan Chase & Co. grew its position in EHang by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after buying an additional 671 shares in the last quarter. Legal & General Group Plc increased its stake in 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 during the period. XTX Topco Ltd acquired a new position in EHang in the 2nd quarter valued at approximately $1,009,000. Finally, Hel Ved Capital Management Ltd raised its holdings 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.

Key EHang News

Here are the key news stories impacting EHang this week:

EHang Company Profile

(Get Free Report)

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.

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