EHang (NASDAQ:EH) Shares Gap Up – What’s Next?

EHang Holdings Limited (NASDAQ:EH)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $15.54, but opened at $16.60. EHang shares last traded at $16.59, with a volume of 653,762 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. China Renaissance started coverage on EHang in a report on Tuesday, September 24th. They issued a “buy” rating for the company. UBS Group began coverage on shares of EHang in a research report on Wednesday, August 28th. They set a “buy” rating and a $22.00 price objective on the stock.

EHang Stock Up 6.2 %

The company has a fifty day moving average of $13.97 and a 200 day moving average of $15.08. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.05 billion, a P/E ratio of -26.61 and a beta of 1.01.

EHang (NASDAQ:EH) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The business had revenue of $14.04 million for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. During the same period in the prior year, the firm earned ($0.18) earnings per share. On average, research analysts anticipate that EHang Holdings Limited will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EHang

A number of institutional investors have recently bought and sold shares of EH. GSA Capital Partners LLP raised its position in shares of EHang by 34.3% during the 1st quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock valued at $995,000 after purchasing an additional 12,355 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of EHang by 79.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 33,166 shares of the company’s stock valued at $682,000 after acquiring an additional 14,705 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of EHang in the second quarter valued at about $883,000. Vanguard Group Inc. boosted its stake in shares of EHang by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after acquiring an additional 8,228 shares during the period. Finally, Comerica Bank grew its position in shares of EHang by 685.1% during the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after purchasing an additional 1,103 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

About EHang

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.