EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.48.

A number of research firms have recently commented on EH. JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th.

Institutional Investors Weigh In On EHang

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in EHang by 171.7% in the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after purchasing an additional 2,136 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of EHang by 3,147.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company’s stock valued at $113,000 after acquiring an additional 6,327 shares during the period. Advisory Services Network LLC acquired a new position in shares of EHang in the third quarter valued at about $117,000. JPMorgan Chase & Co. increased its position in EHang by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after acquiring an additional 671 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in EHang in the 3rd quarter worth about $284,000. Institutional investors own 94.03% of the company’s stock.

EHang Price Performance

EHang stock opened at $12.77 on Wednesday. The stock has a market cap of $918.04 million, a price-to-earnings ratio of -22.80 and a beta of 0.91. EHang has a 12-month low of $12.71 and a 12-month high of $29.76. The company has a quick ratio of 2.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $16.12.

About EHang

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.