EHang (NASDAQ:EH) Shares Gap Up to $14.07

EHang Holdings Limited (NASDAQ:EH) gapped up prior to trading on Monday . The stock had previously closed at $14.07, but opened at $15.00. EHang shares last traded at $14.69, with a volume of 345,339 shares trading hands.

Analyst Upgrades and Downgrades

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

EHang Stock Performance

The stock’s 50 day moving average price is $12.70 and its 200 day moving average price is $15.21. The company has a market capitalization of $934.81 million, a P/E ratio of -23.98 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. The business had revenue of $14.04 million during the quarter. During the same period in the previous year, the business posted ($0.18) earnings per share. As a group, equities analysts expect that EHang Holdings Limited will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EH. Comerica Bank increased its stake in EHang by 685.1% in the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after purchasing an additional 1,103 shares in the last quarter. Headlands Technologies LLC bought a new stake in EHang in the 1st quarter valued at about $228,000. XTX Topco Ltd acquired a new position in EHang during the 2nd quarter worth approximately $383,000. AdvisorShares Investments LLC bought a new position in EHang in the fourth quarter worth approximately $388,000. Finally, Nomura Holdings Inc. bought a new stake in shares of EHang during the fourth quarter valued at approximately $396,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.