EHang (NASDAQ:EH) Sees Large Volume Increase – Should You Buy?

EHang Holdings Limited (NASDAQ:EH) shares saw an uptick in trading volume on Monday . 645,777 shares were traded during trading, a decline of 49% from the previous session’s volume of 1,267,043 shares.The stock last traded at $17.83 and had previously closed at $16.50.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EH. UBS Group started coverage on shares of EHang in a research note on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price objective for the company. China Renaissance initiated coverage on EHang in a research note on Tuesday, September 24th. They issued a “buy” rating for the company.

EHang Stock Performance

The company has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $15.06. The company has a market capitalization of $1.13 billion, a P/E ratio of -29.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.99.

EHang (NASDAQ:EH) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $14.04 million for 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 earned ($0.18) earnings per share. Equities analysts forecast 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 large investors have recently bought and sold shares of EH. Axim Planning & Wealth grew its holdings in shares of EHang by 12.5% during the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after buying an additional 520,733 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in EHang during the 2nd quarter valued at about $883,000. SteelPeak Wealth LLC boosted its stake in EHang by 288.4% during the 1st quarter. SteelPeak Wealth LLC now owns 41,455 shares of the company’s stock valued at $853,000 after purchasing an additional 30,782 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of EHang in the second quarter worth approximately $383,000. Finally, Nomura Holdings Inc. bought a new position in shares of EHang in the fourth quarter valued at approximately $396,000. 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.