EHang (NASDAQ:EH) Trading 6% Higher

EHang Holdings Limited (NASDAQ:EH)’s stock price traded up 6% during trading on Thursday . The company traded as high as $12.85 and last traded at $12.73. 302,749 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,144,631 shares. The stock had previously closed at $12.01.

Analysts Set New Price Targets

Separately, UBS Group started coverage on EHang in a research report on Wednesday, August 28th. They set a “buy” rating and a $22.00 price objective for the company.

EHang Trading Up 0.8 %

The business’s 50-day moving average is $13.39 and its two-hundred day moving average is $15.06. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $769.06 million, a PE ratio of -20.53 and a beta of 1.02.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $14.04 million during 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 posted ($0.18) earnings per share. On average, analysts predict that EHang Holdings Limited will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On EHang

Large investors have recently bought and sold shares of the business. Comerica Bank increased its stake in shares of 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. Jump Financial LLC bought a new stake in EHang during the fourth quarter worth approximately $177,000. Aigen Investment Management LP acquired a new position in EHang in the 4th quarter worth approximately $180,000. Headlands Technologies LLC acquired a new position in EHang in the 1st quarter worth approximately $228,000. Finally, XTX Topco Ltd acquired a new position in EHang in the 2nd quarter worth approximately $383,000. Institutional investors own 94.03% of the company’s stock.

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.