Brokerages Set EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Price Target at $23.48

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.48.

EH has been the subject of several research analyst reports. Wall Street Zen cut shares of EHang from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut shares of EHang from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $21.00 to $13.00 in a research note on Tuesday, November 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in EHang during the third quarter worth about $1,571,000. Norges Bank bought a new stake in shares of EHang in the 2nd quarter valued at approximately $7,669,000. XTX Topco Ltd acquired a new position in shares of EHang in the 2nd quarter worth approximately $1,009,000. Carrhae Capital LLP bought a new position in shares of EHang during the 2nd quarter worth approximately $4,717,000. Finally, Eschler Asset Management LLP lifted its position in shares of EHang by 1,329.8% during the 2nd quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock worth $3,472,000 after buying an additional 186,012 shares during the period. 94.03% of the stock is owned by institutional investors.

EHang Stock Performance

Shares of NASDAQ EH opened at $12.27 on Friday. EHang has a 12 month low of $11.23 and a 12 month high of $25.79. The company has a market cap of $882.09 million, a P/E ratio of -21.91 and a beta of 0.91. The business’s 50 day moving average is $13.09 and its two-hundred day moving average is $15.27. The company has a quick ratio of 2.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.08.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.