EHang (NASDAQ:EH) Sees Large Volume Increase

Shares of EHang Holdings Limited (NASDAQ:EH) saw an uptick in trading volume on Wednesday . 966,830 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 1,125,058 shares.The stock last traded at $13.98 and had previously closed at $14.34.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EH. China Renaissance began coverage on EHang in a report on Tuesday, September 24th. They set a “buy” rating for the company. UBS Group initiated coverage on EHang in a research note on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price on the stock.

EHang Stock Performance

The business’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $15.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12. The company has a market capitalization of $915.76 million, a P/E ratio of -23.13 and a beta of 1.01.

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

Institutional Investors Weigh In On EHang

A number of institutional investors have recently made changes to their positions in EH. Comerica Bank increased its stake in EHang by 685.1% in the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after purchasing an additional 1,103 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in EHang by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock worth $510,000 after purchasing an additional 4,353 shares during the last quarter. DNB Asset Management AS raised its position in EHang by 24.9% in the second quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock valued at $557,000 after purchasing an additional 8,174 shares during the period. Vanguard Group Inc. lifted 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 in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in EHang during the first quarter valued at approximately $228,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.