EHang (NASDAQ:EH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EHang (NASDAQ:EH) from a sell rating to a hold rating in a research note published on Saturday morning.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. JPMorgan Chase & Co. downgraded 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 report 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.48.

EHang Stock Performance

Shares of EH stock opened at $11.76 on Friday. EHang has a 52 week low of $11.07 and a 52 week high of $25.79. The company has a market capitalization of $845.43 million, a price-to-earnings ratio of -21.00 and a beta of 0.96. The company has a 50-day simple moving average of $12.89 and a 200 day simple moving average of $15.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.17 and a current ratio of 2.33.

Hedge Funds Weigh In On EHang

A number of hedge funds have recently bought and sold shares of the business. 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. Daiwa Securities Group Inc. raised its holdings in EHang by 47.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock valued at $63,000 after acquiring an additional 1,553 shares in the last quarter. Leonteq Securities AG acquired a new position in EHang in the 4th quarter valued at $26,000. Legal & General Group Plc lifted its position in shares of EHang by 171.7% during the 2nd 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of EHang by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock worth $1,164,000 after purchasing an additional 3,110 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

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.