EHang (NASDAQ:EH) Stock Price Down 4.4% – Should You Sell?

EHang Holdings Limited (NASDAQ:EH) shares fell 4.4% on Thursday . The stock traded as low as $16.61 and last traded at $16.61. 362,064 shares changed hands during trading, a decline of 73% from the average session volume of 1,322,941 shares. The stock had previously closed at $17.38.

Analysts Set New Price Targets

Several brokerages recently weighed in on EH. UBS Group initiated coverage on shares of 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 initiated coverage on shares of EHang in a report on Tuesday, September 24th. They issued a “buy” rating on the stock.

EHang Stock Down 0.2 %

The company’s fifty day moving average is $15.50 and its 200-day moving average is $14.96. The company has a market cap of $1.05 billion, a PE ratio of -28.53 and a beta of 0.99. 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 issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter in the previous year, the company earned ($0.18) EPS. On average, analysts predict that EHang Holdings Limited will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EH. Axim Planning & Wealth lifted its stake in shares of EHang by 12.5% during the 2nd quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after buying an additional 520,733 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in EHang in the 2nd quarter valued at $883,000. Verition Fund Management LLC bought a new stake in EHang in the 3rd quarter valued at $508,000. XTX Topco Ltd bought a new stake in EHang in the 2nd quarter valued at $383,000. Finally, SteelPeak Wealth LLC increased its holdings in EHang by 70.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after acquiring an additional 27,805 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

About EHang

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.