EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Stock Has Average Target Price of $6.70

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has been assigned a consensus rating of “Reduce” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.70.

EH has been the topic of several analyst reports. The Goldman Sachs Group cut shares of EHang from a “buy” rating to a “neutral” rating and set a $7.30 price target on the stock. in a research report on Tuesday, July 14th. Morgan Stanley set a $5.30 price objective on EHang and gave the company an “equal weight” rating in a report on Tuesday, September 15th. Weiss Ratings downgraded EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 14th. Dbs Bank downgraded EHang from a “buy” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Wall Street Zen lowered EHang from a “sell” rating to a “strong sell” rating in a report on Saturday, September 12th.

EHang Price Performance

EHang stock opened at $4.19 on Wednesday. The company has a 50 day moving average of $4.84 and a 200-day moving average of $7.12. The company has a quick ratio of 1.65, a current ratio of 1.84 and a debt-to-equity ratio of 0.13. EHang has a twelve month low of $3.95 and a twelve month high of $19.01. The stock has a market capitalization of $314.75 million, a PE ratio of -6.76 and a beta of 1.15.

EHang (NASDAQ:EH) last announced its earnings results on Friday, August 14th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $11.46 million during the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%. On average, equities research analysts anticipate that EHang will post -0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Leonteq Securities AG raised its position in EHang by 100.0% during the first quarter. Leonteq Securities AG now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares in the last quarter. Headlands Technologies LLC lifted its stake in EHang by 26.7% in the second quarter. Headlands Technologies LLC now owns 19,964 shares of the company’s stock valued at $131,000 after acquiring an additional 4,209 shares during the last quarter. Bessemer Group Inc. acquired a new stake in EHang in the first quarter valued at $51,000. Hennion & Walsh Asset Management Inc. grew its position in shares of EHang by 24.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock valued at $362,000 after acquiring an additional 10,860 shares during the period. Finally, Bank of America Corp DE grew its position in shares of EHang by 187.6% in the 1st quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock valued at $294,000 after acquiring an additional 19,771 shares during the period. 94.03% of the stock is currently owned by institutional investors.

About EHang

EHang Holdings Limited is a technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight technologies, command-and-control systems, and supporting services designed for passenger transportation, logistics, aerial firefighting, public safety, and other commercial applications.

EHang’s product portfolio includes the EH216 series, an electric vertical takeoff and landing (eVTOL) aircraft family designed for autonomous passenger and cargo operations.