EHang (NASDAQ:EH) Sets New 52-Week Low – Time to Sell?

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $9.04 and last traded at $9.1730, with a volume of 127157 shares trading hands. The stock had previously closed at $9.32.

Wall Street Analyst Weigh In

Several analysts have issued reports on EH shares. Bank of America reaffirmed a “buy” rating on shares of EHang in a report on Thursday, March 12th. Weiss Ratings raised shares of EHang from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Finally, Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, EHang presently has an average rating of “Hold” and a consensus price target of $18.50.

EHang Trading Down 1.5%

The business has a 50 day simple moving average of $10.51 and a two-hundred day simple moving average of $12.53. The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt-to-equity ratio of 0.07. The company has a market cap of $666.42 million, a PE ratio of -21.07 and a beta of 1.14.

Institutional Trading of EHang

A number of hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new position in shares of EHang during the 4th quarter worth about $10,204,000. Federated Hermes Inc. purchased a new stake in EHang in the third quarter valued at approximately $1,571,000. UBS Group AG increased its position in EHang by 19.0% during the fourth quarter. UBS Group AG now owns 941,689 shares of the company’s stock worth $12,411,000 after purchasing an additional 150,567 shares during the last quarter. JPMorgan Chase & Co. increased its position in EHang by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 8,404 shares of the company’s stock worth $156,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EHang by 5.2% during the third 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 during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Company Profile

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.