EHang (NASDAQ:EH) Shares Gap Up – Still a Buy?

EHang Holdings Limited (NASDAQ:EH) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.36, but opened at $22.33. EHang shares last traded at $21.75, with a volume of 309,270 shares.

Wall Street Analyst Weigh In

Separately, CICC Research initiated coverage on shares of EHang in a report on Thursday, January 2nd. They set an “outperform” rating on the stock.

EHang Trading Up 4.3 %

The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -41.13 and a beta of 0.91. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $19.29 and a two-hundred day moving average of $16.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EH. Natixis acquired a new position in shares of EHang during the fourth quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its position in EHang by 247.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after acquiring an additional 1,472 shares during the period. JPMorgan Chase & Co. acquired a new position in EHang during the 4th quarter valued at $79,000. Point72 Asset Management L.P. bought a new stake in EHang in the 3rd quarter valued at $104,000. Finally, Point72 Hong Kong Ltd acquired a new stake in EHang in the 3rd quarter worth $118,000. 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.