EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $7.18 Average Price Target from Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has earned an average rating of “Reduce” from the eight research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.18.

A number of analysts have recently commented on EH shares. Weiss Ratings downgraded EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 14th. UBS Group downgraded EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a report on Thursday, June 4th. Bank of America reissued 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. restated an “underweight” rating and issued a $4.40 price objective (down from $9.70) on shares of EHang in a research report on Monday, July 6th. Finally, Wall Street Zen cut shares of EHang from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EH. Hennion & Walsh Asset Management Inc. grew its holdings in EHang by 24.4% in the second 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 period. Bank of America Corp DE increased its position in shares of EHang by 187.6% in the first 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 in the last quarter. Bessemer Group Inc. acquired a new position in shares of EHang during the 1st quarter worth approximately $51,000. SteelPeak Wealth LLC raised its stake in shares of EHang by 452.6% during the 1st quarter. SteelPeak Wealth LLC now owns 73,838 shares of the company’s stock worth $717,000 after buying an additional 60,476 shares during the period. Finally, Leonteq Securities AG lifted its position in shares of EHang by 100.0% during the 1st quarter. Leonteq Securities AG now owns 4,000 shares of the company’s stock valued at $39,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Price Performance

Shares of EH opened at $5.18 on Friday. The business’s 50-day moving average is $6.87 and its two-hundred day moving average is $9.84. The company has a market capitalization of $389.13 million, a P/E ratio of -9.59 and a beta of 1.13. EHang has a fifty-two week low of $4.89 and a fifty-two week high of $20.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.87.

EHang announced that its Board of Directors has initiated a share buyback program on Monday, June 8th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.