EHang (NASDAQ:EH) Trading 6.8% Higher

EHang Holdings Limited (NASDAQ:EH)’s share price traded up 6.8% during mid-day trading on Tuesday . The company traded as high as $15.00 and last traded at $14.98. 449,877 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,244,732 shares. The stock had previously closed at $14.03.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley assumed coverage on shares of EHang in a research report on Monday, May 6th. They issued an “overweight” rating and a $27.50 target price for the company.

EHang Stock Performance

The company has a market cap of $921.53 million, a P/E ratio of -23.84 and a beta of 1.06. The stock’s 50-day moving average price is $17.08 and its 200-day moving average price is $15.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.97 and a quick ratio of 1.69.

EHang (NASDAQ:EH) last posted its quarterly earnings results on Monday, May 20th. The company reported ($0.14) EPS for the quarter. The company had revenue of $8.55 million during the quarter. EHang had a negative net margin of 176.72% and a negative return on equity of 145.90%. Equities analysts anticipate that EHang Holdings Limited will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EH. Axim Planning & Wealth raised its stake in EHang by 4.1% during the fourth quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock worth $65,560,000 after acquiring an additional 155,494 shares in the last quarter. Jump Financial LLC acquired a new position in EHang during the fourth quarter worth about $177,000. DNB Asset Management AS acquired a new position in EHang during the fourth quarter worth about $605,000. Vanguard Group Inc. raised its stake in EHang by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock worth $27,922,000 after acquiring an additional 24,121 shares in the last quarter. Finally, Carmignac Gestion raised its stake in EHang by 24.2% during the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock worth $33,539,000 after acquiring an additional 363,962 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.