EHang Holdings Limited (NASDAQ:EH) Given Consensus Recommendation of “Buy” by Analysts

EHang Holdings Limited (NASDAQ:EH) has been assigned an average rating of “Buy” from the five ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $26.50.

Several analysts have recently commented on the stock. Daiwa America upgraded shares of EHang to a “strong-buy” rating in a research report on Tuesday. CICC Research started coverage on EHang in a report on Thursday, January 2nd. They set an “outperform” rating on the stock. Finally, Daiwa Capital Markets initiated coverage on EHang in a research note on Wednesday. They issued a “buy” rating and a $30.00 price objective for the company.

EHang Price Performance

Shares of EHang stock opened at $19.78 on Thursday. The stock’s fifty day moving average is $21.72 and its 200 day moving average is $17.68. EHang has a one year low of $10.40 and a one year high of $29.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The stock has a market cap of $1.26 billion, a P/E ratio of -36.63 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Natixis bought a new stake in shares of EHang in the 4th quarter valued at approximately $25,000. Tower Research Capital LLC TRC boosted its stake in EHang by 247.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after buying an additional 1,472 shares during the period. JPMorgan Chase & Co. bought a new position in EHang during the fourth quarter valued at $79,000. Point72 Asset Management L.P. bought a new stake in shares of EHang in the 3rd quarter worth about $104,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of EHang during the 3rd quarter worth about $118,000. 94.03% of the stock is owned by hedge funds and other 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.