EHang (NASDAQ:EH) Reaches New 52-Week High – What’s Next?

EHang Holdings Limited (NASDAQ:EH) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $24.96 and last traded at $24.58, with a volume of 3040611 shares. The stock had previously closed at $20.71.

Analyst Ratings Changes

Separately, CICC Research began coverage on shares of EHang in a research note on Thursday, January 2nd. They set an “outperform” rating for the company.

EHang Trading Up 2.7 %

The stock has a market cap of $1.64 billion, a P/E ratio of -47.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The business’s 50 day simple moving average is $16.09 and its 200 day simple moving average is $15.12.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of EHang in the fourth quarter valued at approximately $79,000. Point72 Asset Management L.P. bought a new position in shares of EHang in the third quarter valued at approximately $104,000. Point72 Hong Kong Ltd bought a new position in shares of EHang in the third quarter valued at approximately $118,000. Quantbot Technologies LP raised its stake in shares of EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after acquiring an additional 4,101 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of EHang in the fourth quarter valued at approximately $431,000. Institutional investors own 94.03% of the company’s stock.

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.