EHang (NASDAQ:EH) Hits New 12-Month High – Still a Buy?

EHang Holdings Limited (NASDAQ:EH)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $24.96 and last traded at $24.58, with a volume of 3040611 shares. The stock had previously closed at $20.71.

Wall Street Analyst Weigh In

Separately, CICC Research assumed coverage on EHang in a report on Thursday, January 2nd. They issued an “outperform” rating for the company.

EHang Trading Up 20.4 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The firm has a fifty day moving average price of $15.89 and a 200 day moving average price of $15.05. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -46.21 and a beta of 0.94.

Institutional Investors Weigh In On EHang

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in shares of EHang in the fourth quarter valued at $3,809,000. JPMorgan Chase & Co. bought a new stake in shares of EHang during the 4th quarter worth about $79,000. Vanguard Group Inc. grew its stake in EHang by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after buying an additional 56,652 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in EHang in the 4th quarter valued at about $431,000. Finally, Baader Bank Aktiengesellschaft raised its holdings in EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock valued at $2,803,000 after acquiring an additional 33,000 shares during the period. 94.03% of the stock is owned by institutional investors.

About EHang

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.