EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been given an average recommendation of “Reduce” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.70.

Several equities research analysts recently commented on EH shares. Weiss Ratings reissued a “sell (e+)” rating on shares of EHang in a research note on Monday, October 12th. Bank of America lowered shares of EHang from a “buy” rating to an “underperform” rating and cut their price objective for the company from $13.00 to $5.40 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 note on Friday, August 28th. Morgan Stanley cut shares of EHang from an “overweight” rating to an “equal weight” rating and set a $5.30 target price for the company. in a research note on Tuesday, September 15th. Finally, Wall Street Zen downgraded shares of EHang from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 12th.

EHang Stock Performance

Shares of NASDAQ EH opened at $3.59 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.84 and a quick ratio of 1.65. EHang has a one year low of $3.31 and a one year high of $18.65. The business’s 50-day moving average price is $4.26 and its two-hundred day moving average price is $8.10. The company has a market capitalization of $269.68 million, a P/E ratio of -5.79 and a beta of 1.15.

EHang (NASDAQ:EH) last posted 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 firm had revenue of $11.46 million for the quarter. Analysts anticipate that EHang will post -0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EHang

Institutional investors and hedge funds have recently modified their holdings of the business. SteelPeak Wealth LLC boosted its holdings in EHang by 452.6% in 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 in the last quarter. Squarepoint Ops LLC raised its holdings in EHang by 110.1% during the second quarter. Squarepoint Ops LLC now owns 91,697 shares of the company’s stock valued at $601,000 after buying an additional 48,048 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in EHang by 24.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company’s stock valued at $362,000 after buying an additional 10,860 shares in the last quarter. Bank of America Corp DE raised its holdings in EHang by 187.6% during 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. Finally, Headlands Technologies LLC lifted its position in shares of EHang by 26.7% in the second quarter. Headlands Technologies LLC now owns 19,964 shares of the company’s stock worth $131,000 after buying an additional 4,209 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

About EHang

EHang Holdings Limited is a China-based technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops, manufactures and operates pilotless electric aircraft designed for passenger transportation, logistics, emergency response, firefighting, aerial media and other commercial applications.

EHang’s product portfolio includes the EH216 series of autonomous aircraft, including passenger-carrying and cargo-oriented configurations, as well as command-and-control systems and related flight services.