EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Stock Has Consensus Target Price of $6.70 According to Analysts

by · The Markets Daily

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH – Get Free Report) have been assigned an average recommendation of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $6.70.

Several equities analysts recently weighed in on the company. Zacks Research upgraded EHang from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Dbs Bank cut EHang from a “buy” rating to a “hold” rating in a report on Friday, August 28th. Bank of America restated an “underperform” rating and issued a $5.40 price target (down from $13.00) on shares of EHang in a report on Wednesday, July 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $4.40 price objective (down from $9.70) on shares of EHang in a research note on Monday, July 6th. Finally, The Goldman Sachs Group lowered shares of EHang from a “buy” rating to a “neutral” rating and set a $7.30 price objective on the stock. in a report on Tuesday, July 14th.

View Our Latest Stock Analysis on EH

EHang Price Performance

EH stock opened at $3.82 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.84 and a debt-to-equity ratio of 0.13. EHang has a one year low of $3.81 and a one year high of $19.01. The company has a 50 day moving average price of $4.77 and a two-hundred day moving average price of $7.03.

EHang (NASDAQ:EH – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.11) earnings per share for the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%. The business had revenue of $11.46 million for the quarter. As a group, sell-side analysts forecast that EHang will post -0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On EHang

Institutional investors have recently bought and sold shares of the stock. SteelPeak Wealth LLC increased its position in EHang by 452.6% during the first quarter. SteelPeak Wealth LLC now owns 73,838 shares of the company’s stock worth $717,000 after purchasing an additional 60,476 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of EHang by 110.1% in the 2nd quarter. Squarepoint Ops LLC now owns 91,697 shares of the company’s stock valued at $601,000 after purchasing an additional 48,048 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of EHang by 24.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock valued at $362,000 after purchasing an additional 10,860 shares during the last quarter. Bank of America Corp DE grew its stake in shares of EHang by 187.6% during the 1st quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock valued at $294,000 after buying an additional 19,771 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of EHang by 26.7% during the 2nd quarter. Headlands Technologies LLC now owns 19,964 shares of the company’s stock valued at $131,000 after buying an additional 4,209 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Company Profile

(Get Free Report)

EHang Holdings Limited is a technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight technologies, command-and-control systems, and supporting services designed for passenger transportation, logistics, aerial firefighting, public safety, and other commercial applications.

EHang’s product portfolio includes the EH216 series, an electric vertical takeoff and landing (eVTOL) aircraft family designed for autonomous passenger and cargo operations.

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