Wall Street Zen Upgrades EHang (NASDAQ:EH) to Hold

EHang (NASDAQ:EH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of EHang from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $13.00 in a report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.48.

EHang Price Performance

Shares of EH stock opened at $11.51 on Friday. EHang has a 52 week low of $11.07 and a 52 week high of $25.79. The stock has a market capitalization of $827.40 million, a PE ratio of -20.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.17 and a current ratio of 2.33. The stock’s fifty day moving average is $12.91 and its 200-day moving average is $15.04.

Hedge Funds Weigh In On EHang

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

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.