EHang (NASDAQ:EH) Shares Gap Up to $11.77

EHang Holdings Limited (NASDAQ:EH) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.77, but opened at $12.51. EHang shares last traded at $12.65, with a volume of 229,246 shares traded.

Analysts Set New Price Targets

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

EHang Trading Up 7.9 %

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 firm has a market cap of $806.53 million, a PE ratio of -20.63 and a beta of 1.02. The firm has a fifty day simple moving average of $12.74 and a two-hundred day simple moving average of $15.21.

EHang (NASDAQ:EH) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The firm 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 quarter last year, the business earned ($0.18) earnings per share. Equities analysts forecast that EHang Holdings Limited will post -0.41 EPS for the current year.

Institutional Trading of EHang

Institutional investors have recently added to or reduced their stakes in the business. Axim Planning & Wealth grew its position in 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 period. Baader Bank Aktiengesellschaft bought a new stake in shares of EHang during the 2nd quarter valued at $883,000. SteelPeak Wealth LLC grew its position in shares of 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 acquiring an additional 30,782 shares during the period. XTX Topco Ltd bought a new position in EHang in the 2nd quarter worth $383,000. Finally, Carmignac Gestion lifted its position in EHang by 1.3% during the fourth quarter. Carmignac Gestion now owns 1,893,323 shares of the company’s stock valued at $31,813,000 after purchasing an additional 24,113 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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.