EHang (NASDAQ:EH) Trading Down 4.4% – Should You Sell?

EHang Holdings Limited (NASDAQ:EH)’s share price was down 4.4% during trading on Thursday . The stock traded as low as $16.61 and last traded at $16.61. Approximately 362,064 shares were traded during trading, a decline of 73% from the average daily volume of 1,322,941 shares. The stock had previously closed at $17.38.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EH shares. China Renaissance started coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock. UBS Group started coverage on shares of EHang in a research report on Wednesday, August 28th. They set a “buy” rating and a $22.00 target price on the stock.

EHang Trading Down 2.4 %

The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -29.97 and a beta of 0.99. The business has a 50-day moving average of $15.32 and a two-hundred day moving average of $14.96. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The business had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same period last year, the company posted ($0.18) EPS. Research analysts predict that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Comerica Bank raised its position in EHang by 685.1% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after purchasing an additional 1,103 shares during the last quarter. Quantbot Technologies LP raised its position in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after acquiring an additional 4,101 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of EHang by 13.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock valued at $510,000 after acquiring an additional 4,353 shares during the last quarter. DNB Asset Management AS raised its position in shares of EHang by 24.9% during the 2nd quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock valued at $557,000 after acquiring an additional 8,174 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of EHang by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock valued at $32,166,000 after acquiring an additional 8,228 shares during the last quarter. Institutional investors 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.