EHang (NASDAQ:EH) Sees Unusually-High Trading Volume – Should You Buy?

EHang Holdings Limited (NASDAQ:EH) saw unusually-strong trading volume on Monday . Approximately 1,800,436 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 1,332,013 shares.The stock last traded at $16.65 and had previously closed at $16.55.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EH. UBS Group began coverage on EHang in a research report on Wednesday, August 28th. They set a “buy” rating and a $22.00 target price on the stock. China Renaissance initiated coverage on EHang in a research note on Tuesday, September 24th. They issued a “buy” rating for the company.

EHang Stock Performance

The company has a 50-day moving average of $15.65 and a 200 day moving average of $14.88. The firm has a market capitalization of $995.20 million, a PE ratio of -27.02 and a beta of 0.99. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $14.04 million during the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter last year, the business posted ($0.18) EPS. Equities research analysts predict that EHang Holdings Limited will post -0.41 EPS for the current year.

Institutional Trading of EHang

Institutional investors have recently added to or reduced their stakes in the business. Axim Planning & Wealth increased its position in shares of EHang by 12.5% in the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after acquiring an additional 520,733 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in EHang in the second quarter valued at $883,000. Verition Fund Management LLC bought a new position in EHang in the 3rd quarter worth $508,000. XTX Topco Ltd bought a new stake in shares of EHang during the 2nd quarter valued at about $383,000. Finally, SteelPeak Wealth LLC increased its position 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 buying an additional 27,805 shares during the period. 94.03% of the stock is currently 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.