EHang (NASDAQ:EH) Shares Up 7% – Still a Buy?

EHang Holdings Limited (NASDAQ:EH)’s stock price was up 7% during mid-day trading on Tuesday . The company traded as high as $15.20 and last traded at $15.08. Approximately 893,827 shares changed hands during trading, a decline of 44% from the average daily volume of 1,584,312 shares. The stock had previously closed at $14.10.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EH shares. CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They set an “outperform” rating on the stock. China Renaissance assumed coverage on EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock.

EHang Price Performance

The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $15.33 and its 200 day moving average price is $14.62. The company has a market capitalization of $960.91 million, a P/E ratio of -28.02 and a beta of 0.94.

Institutional Investors Weigh In On EHang

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of EHang in the 3rd quarter valued at approximately $104,000. Point72 Hong Kong Ltd bought a new position in EHang in the third quarter valued at approximately $118,000. Quantbot Technologies LP raised its position in EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after purchasing an additional 4,101 shares in the last quarter. XTX Topco Ltd bought a new stake in EHang during the second quarter worth $383,000. Finally, Verition Fund Management LLC acquired a new stake in shares of EHang in the 3rd quarter valued at $508,000. 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.