EHang (NASDAQ:EH) Coverage Initiated by Analysts at UBS Group

UBS Group started coverage on shares of EHang (NASDAQ:EH) in a research note published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $22.00 target price on the stock.

Separately, Morgan Stanley initiated coverage on shares of EHang in a research report on Monday, May 6th. They set an overweight rating and a $27.50 price objective for the company.

EHang Trading Down 1.1 %

NASDAQ EH opened at $14.56 on Wednesday. The firm has a market cap of $924.65 million, a PE ratio of -23.48 and a beta of 1.01. EHang has a 52 week low of $9.51 and a 52 week high of $25.78. The company has a quick ratio of 1.69, a current ratio of 1.97 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $13.42 and a 200 day moving average price of $15.00.

EHang (NASDAQ:EH) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The business had revenue of $14.04 million during the quarter. EHang had a negative net margin of 176.72% and a negative return on equity of 145.90%. During the same quarter in the prior year, the business earned ($0.18) earnings per share. As a group, sell-side analysts forecast that EHang will post -0.41 EPS for the current fiscal year.

Institutional Trading of EHang

Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in EHang by 34.3% during the first quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock worth $995,000 after purchasing an additional 12,355 shares in the last quarter. Jump Financial LLC acquired a new stake in EHang during the fourth quarter worth approximately $177,000. Hennion & Walsh Asset Management Inc. raised its holdings in EHang by 79.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 33,166 shares of the company’s stock worth $682,000 after purchasing an additional 14,705 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in EHang during the second quarter worth approximately $883,000. Finally, Vanguard Group Inc. raised its holdings in EHang by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after purchasing an additional 8,228 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.