EHang Holdings Limited (NASDAQ:EH) Stock Position Raised by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its stake in shares of EHang Holdings Limited (NASDAQ:EH) by 288.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 41,455 shares of the company’s stock after purchasing an additional 30,782 shares during the period. SteelPeak Wealth LLC’s holdings in EHang were worth $853,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EH. Jump Financial LLC acquired a new stake in shares of EHang in the 4th quarter valued at $177,000. Aigen Investment Management LP acquired a new stake in shares of EHang in the 4th quarter valued at $180,000. Dfpg Investments LLC lifted its stake in shares of EHang by 26.5% in the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock valued at $312,000 after purchasing an additional 4,205 shares during the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of EHang in the 4th quarter valued at $388,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of EHang in the 4th quarter valued at $396,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

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

EHang Stock Performance

EH traded down $0.01 during trading on Friday, hitting $13.58. The stock had a trading volume of 509,522 shares, compared to its average volume of 766,797. The firm has a market cap of $862.47 million, a PE ratio of -21.90 and a beta of 1.06. EHang Holdings Limited has a 12 month low of $9.51 and a 12 month high of $25.78. The company has a current ratio of 1.97, a quick ratio of 1.69 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $16.39 and a 200-day simple moving average of $15.13.

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

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.