EHang (NASDAQ:EH) Now Covered by Morgan Stanley

Stock analysts at Morgan Stanley initiated coverage on shares of EHang (NASDAQ:EH) in a note issued to investors on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $27.50 price target on the stock. Morgan Stanley’s price objective indicates a potential upside of 49.54% from the company’s current price.

EHang Stock Down 1.7 %

EH stock opened at $18.39 on Monday. EHang has a twelve month low of $9.50 and a twelve month high of $25.78. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.17 billion, a P/E ratio of -26.27 and a beta of 1.09. The business’s 50-day moving average price is $16.67 and its 200-day moving average price is $15.06.

EHang (NASDAQ:EH) last posted its quarterly earnings results on Friday, March 15th. The company reported ($0.16) EPS for the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%. The business had revenue of $7.97 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dfpg Investments LLC increased its stake in EHang by 26.5% in the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after acquiring an additional 4,205 shares during the last quarter. California Public Employees Retirement System increased its stake in EHang by 6.0% in the 3rd quarter. California Public Employees Retirement System now owns 76,060 shares of the company’s stock worth $1,371,000 after acquiring an additional 4,275 shares during the last quarter. Jump Financial LLC bought a new stake in EHang in the 4th quarter worth approximately $177,000. Aigen Investment Management LP bought a new stake in EHang in the 4th quarter worth approximately $180,000. Finally, GSA Capital Partners LLP increased its stake in EHang by 34.3% in the 1st quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock worth $995,000 after acquiring an additional 12,355 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.