EHang (NASDAQ:EH) Reaches New 52-Week Low – Should You Sell?

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) reached a new 52-week low during trading on Thursday . The company traded as low as $9.73 and last traded at $9.77, with a volume of 252271 shares trading hands. The stock had previously closed at $10.19.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EH shares. Bank of America reaffirmed a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of EHang from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.48.

EHang Price Performance

The company’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $14.49. 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 stock has a market capitalization of $675.05 million, a PE ratio of -21.34 and a beta of 0.96.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EH. Virtu Financial LLC purchased a new stake in EHang in the fourth quarter valued at approximately $183,000. Vident Advisory LLC acquired a new stake in shares of EHang during the 4th quarter worth $1,653,000. Millennium Management LLC purchased a new position in shares of EHang in the 4th quarter worth $885,000. Schonfeld Strategic Advisors LLC purchased a new stake in EHang during the fourth quarter valued at about $220,000. Finally, FIL Ltd lifted its stake in shares of EHang by 2.9% in the 4th quarter. FIL Ltd now owns 1,402,092 shares of the company’s stock valued at $18,480,000 after purchasing an additional 39,256 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

About EHang

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.