EHang (NASDAQ:EH) Shares Up 3.1% – Still a Buy?

EHang Holdings Limited (NASDAQ:EH)’s stock price rose 3.1% during trading on Monday . The stock traded as high as $21.21 and last traded at $21.39. Approximately 927,813 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,647,748 shares. The stock had previously closed at $20.75.

Wall Street Analyst Weigh In

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

EHang Stock Down 5.0 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The company has a market cap of $1.26 billion, a PE ratio of -36.74 and a beta of 0.91. The business’s 50 day moving average is $21.64 and its 200-day moving average is $17.66.

Institutional Investors Weigh In On EHang

Several institutional investors have recently modified their holdings of EH. Natixis purchased a new position in EHang in the fourth quarter valued at $25,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 acquiring an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in EHang in the fourth quarter valued at approximately $79,000. Point72 Asset Management L.P. purchased a new position in EHang in the third quarter valued at approximately $104,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of EHang during the 3rd quarter worth approximately $118,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.