EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Rating of “Hold” by Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has earned an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.05.

Several research analysts have commented on EH shares. Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. UBS Group cut EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target on the stock. in a report on Thursday, June 4th. Finally, Bank of America reaffirmed a “buy” rating on shares of EHang in a report on Tuesday, June 9th.

EHang Price Performance

Shares of NASDAQ EH opened at $6.13 on Monday. EHang has a 52 week low of $6.03 and a 52 week high of $20.45. The business has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $11.20. The company has a quick ratio of 1.70, a current ratio of 1.87 and a debt-to-equity ratio of 0.10. The company has a market cap of $460.49 million, a P/E ratio of -11.35 and a beta of 1.13.

EHang declared that its Board of Directors has authorized a share buyback plan on Monday, June 8th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On EHang

Large investors have recently modified their holdings of the company. Leonteq Securities AG purchased a new position in shares of EHang during the 4th quarter valued at about $26,000. Bessemer Group Inc. purchased a new position in shares of EHang during the 1st quarter valued at about $51,000. Legal & General Group Plc raised its holdings in shares of EHang by 171.7% during the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after buying an additional 2,136 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of EHang by 47.6% during 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. Finally, Advisory Services Network LLC purchased a new position in shares of EHang during the 3rd quarter valued at about $117,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

About EHang

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.