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

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.48.

A number of equities analysts recently commented on EH shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut 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 report on Tuesday, November 25th. Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Finally, Bank of America reissued a “buy” rating on shares of EHang in a research report on Thursday, March 12th.

Hedge Funds Weigh In On EHang

Several institutional investors and hedge funds have recently bought and sold shares of EH. Goldman Sachs Group Inc. grew its stake in shares of EHang by 11.9% in the 1st 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. lifted its holdings in EHang by 10.1% in 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 during the last quarter. Legal & General Group Plc lifted its holdings in 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 acquiring an additional 2,136 shares during the last quarter. XTX Topco Ltd purchased a new position in EHang in the second quarter worth approximately $1,009,000. Finally, Hel Ved Capital Management Ltd increased its stake in EHang by 302.3% during the second quarter. Hel Ved Capital Management Ltd now owns 245,431 shares of the company’s stock worth $4,261,000 after acquiring an additional 184,431 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EHang Trading Up 2.8%

Shares of EHang stock opened at $10.23 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.12 and a quick ratio of 1.98. The stock’s 50 day simple moving average is $12.37 and its 200-day simple moving average is $14.65. The stock has a market cap of $735.38 million, a P/E ratio of -23.25 and a beta of 0.96. EHang has a 1-year low of $9.75 and a 1-year high of $23.44.

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.