EHang (NASDAQ:EH) Trading Up 3.7% – What’s Next?

EHang Holdings Limited (NASDAQ:EH)’s share price shot up 3.7% on Thursday . The company traded as high as $23.05 and last traded at $22.43. 1,022,210 shares changed hands during trading, a decline of 55% from the average session volume of 2,296,930 shares. The stock had previously closed at $21.63.

Analyst Upgrades and Downgrades

Separately, CICC Research started coverage on EHang in a report on Thursday, January 2nd. They issued an “outperform” rating on the stock.

EHang Stock Down 0.1 %

The stock has a market cap of $1.37 billion, a P/E ratio of -39.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The firm has a 50 day simple moving average of $19.54 and a two-hundred day simple moving average of $16.71.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EH. Natixis acquired a new stake in EHang in the 4th quarter worth $25,000. Tower Research Capital LLC TRC raised its position in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock valued at $33,000 after purchasing an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in EHang during the 4th quarter worth about $79,000. Point72 Asset Management L.P. acquired a new stake in shares of EHang in the third quarter valued at approximately $104,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of EHang during the third quarter worth $118,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.