EHang (NASDAQ:EH) Sees Unusually-High Trading Volume – Should You Buy?

EHang Holdings Limited (NASDAQ:EH) saw unusually-strong trading volume on Monday . Approximately 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.

Analyst Upgrades and Downgrades

EH has been the topic of a number of analyst reports. China Renaissance initiated coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock. UBS Group initiated coverage on shares of EHang in a report on Wednesday, August 28th. They set a “buy” rating and a $22.00 price target on the stock.

EHang Stock Performance

The firm has a market cap of $1.06 billion, a PE ratio of -26.85 and a beta of 1.01. The business has a 50 day simple moving average of $14.16 and a two-hundred day simple moving average of $15.03. 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 posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The company had revenue of $14.04 million during the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter in the previous year, the firm posted ($0.18) EPS. As a group, equities research 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 institutional investors and hedge funds have recently bought and sold shares of the company. Axim Planning & Wealth grew its position in shares of EHang by 12.5% during the 2nd quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock worth $63,742,000 after buying an additional 520,733 shares in the last quarter. Vanguard Group Inc. grew its holdings in EHang by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after acquiring an additional 8,228 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in EHang during the 2nd quarter valued at about $883,000. GSA Capital Partners LLP raised its holdings in shares of EHang by 34.3% in the 1st quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock valued at $995,000 after purchasing an additional 12,355 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its position in shares of EHang by 288.4% in the 1st quarter. SteelPeak Wealth LLC now owns 41,455 shares of the company’s stock worth $853,000 after purchasing an additional 30,782 shares during the period. 94.03% of the stock is owned by institutional investors.

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.