EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Recommendation of “Reduce” by Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has been given an average rating of “Reduce” by the eight analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.18.

EH has been the subject of several recent research reports. Bank of America reaffirmed an “underperform” rating and issued a $5.40 price objective (down from $13.00) on shares of EHang in a research report on Wednesday, July 8th. Dbs Bank cut shares of EHang from a “buy” rating to a “hold” rating in a research report on Friday, August 28th. Morgan Stanley restated an “overweight” rating on shares of EHang in a research note on Thursday, July 9th. UBS Group lowered shares of 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. Finally, Weiss Ratings downgraded shares of EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 14th.

Institutional Trading of EHang

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of EHang by 11.9% during the first quarter. Goldman Sachs Group Inc. now owns 125,781 shares of the company’s stock worth $2,628,000 after acquiring an additional 13,376 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in EHang by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after purchasing an additional 671 shares during the last quarter. Legal & General Group Plc grew its stake in EHang by 171.7% during 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 in the last quarter. Hsbc Holdings PLC acquired a new stake in EHang during the 2nd quarter valued at approximately $300,000. Finally, Raymond James Financial Inc. acquired a new stake in EHang during the 2nd quarter valued at approximately $369,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EHang Price Performance

EH stock opened at $4.53 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.65 and a current ratio of 1.84. EHang has a 1 year low of $4.34 and a 1 year high of $20.20. The firm has a market cap of $340.30 million, a P/E ratio of -7.31 and a beta of 1.17. The stock has a 50-day simple moving average of $5.22 and a 200-day simple moving average of $8.18.

EHang (NASDAQ:EH) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter. The company had revenue of $11.46 million for the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%. On average, equities analysts predict that EHang will post -0.79 earnings per share for the current fiscal year.

EHang declared that its board has authorized a share repurchase plan on Monday, June 8th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.