EHang (NASDAQ:EH) Shares Down 5.1% – Should You Sell?

EHang Holdings Limited (NASDAQ:EH) traded down 5.1% on Thursday . The stock traded as low as $16.76 and last traded at $16.80. 401,549 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 1,255,259 shares. The stock had previously closed at $17.70.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EH shares. UBS Group started coverage on EHang in a research report on Wednesday, August 28th. They set a “buy” rating and a $22.00 price target for the company. China Renaissance began coverage on shares of EHang in a report on Tuesday, September 24th. They issued a “buy” rating on the stock.

EHang Stock Performance

The stock’s 50 day simple moving average is $13.57 and its two-hundred day simple moving average is $15.22. The company has a market cap of $1.12 billion, a PE ratio of -30.37 and a beta of 1.01. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last announced its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. The business had revenue of $14.04 million for the quarter. During the same quarter last year, the firm posted ($0.18) earnings per share. As a group, research analysts anticipate that EHang Holdings Limited will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On EHang

Institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in EHang by 685.1% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after buying an additional 1,103 shares during the period. Headlands Technologies LLC acquired a new stake in shares of EHang during the 1st quarter valued at $228,000. Russell Investments Group Ltd. acquired a new position in shares of EHang in the 1st quarter valued at $484,000. Nomura Holdings Inc. purchased a new position in shares of EHang in the fourth quarter worth approximately $396,000. Finally, XTX Topco Ltd purchased a new stake in shares of EHang in the 2nd quarter valued at approximately $383,000. 94.03% of the stock is owned by institutional investors.

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.