EHang Holdings Limited (NASDAQ:EH) Receives $26.50 Average Price Target from Brokerages

EHang Holdings Limited (NASDAQ:EH) has been given a consensus rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

A number of analysts have recently issued reports on EH shares. Daiwa Capital Markets began coverage on EHang in a research report on Wednesday. They issued a “buy” rating and a $30.00 price objective for the company. Daiwa America upgraded EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company.

Hedge Funds Weigh In On EHang

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EH. Verition Fund Management LLC bought a new position in EHang during the third quarter valued at approximately $508,000. SBI Securities Co. Ltd. bought a new position in EHang in the fourth quarter worth $431,000. Baader Bank Aktiengesellschaft grew its stake in shares of EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after buying an additional 33,000 shares during the last quarter. Headlands Technologies LLC increased its stake in EHang by 2,080.4% during the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company’s stock valued at $913,000 after purchasing an additional 55,318 shares in the last quarter. Finally, State Street Corp lifted its stake in EHang by 1.2% during the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after acquiring an additional 15,781 shares during the period. Institutional investors own 94.03% of the company’s stock.

EHang Stock Performance

Shares of NASDAQ EH opened at $16.73 on Thursday. EHang has a one year low of $10.40 and a one year high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $17.76. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -30.98 and a beta of 0.99.

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.