EHang (NASDAQ:EH) Hits New 1-Year Low – Should You Sell?

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $11.07 and last traded at $11.33, with a volume of 419849 shares traded. The stock had previously closed at $12.22.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EH shares. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Finally, Wall Street Zen lowered shares of EHang from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.48.

EHang Price Performance

The stock has a market capitalization of $825.30 million, a PE ratio of -20.50 and a beta of 0.96. The company has a quick ratio of 2.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average is $12.98 and its 200 day moving average is $15.14.

Institutional Trading of EHang

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in EHang by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after purchasing an additional 671 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of EHang by 47.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock valued at $63,000 after buying an additional 1,553 shares in the last quarter. Leonteq Securities AG acquired a new position in EHang in the fourth quarter worth approximately $26,000. Legal & General Group Plc raised its position in EHang by 171.7% during the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after acquiring an additional 2,136 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in EHang by 5.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock valued at $1,164,000 after acquiring an additional 3,110 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.