EHang (NASDAQ:EH) Reaches New 12-Month Low – Time to Sell?

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) shares reached a new 52-week low during trading on Saturday . The stock traded as low as $7.72 and last traded at $7.89, with a volume of 3146459 shares traded. The stock had previously closed at $9.23.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. UBS Group lowered EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a research report on Thursday. Weiss Ratings lowered EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Finally, Bank of America restated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.05.

EHang Stock Down 14.5%

The company has a 50-day simple moving average of $10.13 and a 200-day simple moving average of $11.98. The firm has a market cap of $592.70 million, a PE ratio of -17.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 1.93.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Leonteq Securities AG purchased a new stake in shares of EHang in the fourth quarter valued at approximately $26,000. Legal & General Group Plc boosted its holdings in shares of 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 purchasing an additional 2,136 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of EHang by 47.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock valued at $63,000 after purchasing an additional 1,553 shares during the period. Bessemer Group Inc. purchased a new stake in shares of EHang in the first quarter valued at approximately $51,000. Finally, Advisory Services Network LLC purchased a new stake in shares of EHang in the third quarter valued at approximately $117,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.