EHang (NASDAQ:EH) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of EHang (NASDAQ:EH) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $27.50 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 58.23% from the stock’s previous close.

EHang Price Performance

EH stock opened at $17.38 on Monday. The company has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $15.04. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -24.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.57. EHang has a 1 year low of $9.50 and a 1 year high of $25.78.

EHang (NASDAQ:EH) last issued its earnings results on Friday, March 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $7.97 million during the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%.

Institutional Investors Weigh In On EHang

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Axim Planning & Wealth increased its stake in shares of EHang by 4.1% in the 4th quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock valued at $65,560,000 after acquiring an additional 155,494 shares in the last quarter. DNB Asset Management AS bought a new position in EHang in the fourth quarter worth approximately $605,000. Vanguard Group Inc. grew its stake in EHang by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock valued at $27,922,000 after acquiring an additional 24,121 shares during the period. Carmignac Gestion increased its holdings in shares of EHang by 24.2% during the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after acquiring an additional 363,962 shares in the last quarter. Finally, Dfpg Investments LLC lifted its holdings in shares of EHang by 26.5% in the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after purchasing an additional 4,205 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Company Profile

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.