EHang (NASDAQ:EH) Earns Outperform Rating from Analysts at CICC Research

Posted by ABMN Staff on Jan 2nd, 2025

Research analysts at CICC Research assumed coverage on shares of EHang (NASDAQ:EH – Get Free Report) in a research note issued to investors on Thursday,Benzinga reports. The firm set an “outperform” rating on the stock.

Separately, China Renaissance assumed coverage on shares of EHang in a research note on Tuesday, September 24th. They set a “buy” rating for the company.

Read Our Latest Stock Report on EH

EHang Price Performance

Shares of NASDAQ:EH opened at $15.74 on Thursday. The business has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $14.55. EHang has a 52 week low of $9.51 and a 52 week high of $22.98. The company has a market cap of $999.58 million, a P/E ratio of -29.15 and a beta of 0.94. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On EHang

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of EHang during the 2nd quarter valued at about $383,000. SteelPeak Wealth LLC raised its stake in shares of EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after purchasing an additional 27,805 shares during the period. Quantbot Technologies LP lifted its position in shares of EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after purchasing an additional 4,101 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of EHang in the third quarter valued at $508,000. Finally, Point72 Hong Kong Ltd acquired a new stake in EHang during the 3rd quarter valued at $118,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Company Profile

(Get Free Report)

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.