EHang (NASDAQ:EH – Get Free Report) released its earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07, FiscalAI reports. The firm had revenue of $3.72 million during the quarter, compared to analyst estimates of $8.87 million. EHang had a negative return on equity of 21.16% and a negative net margin of 44.56%.
EHang Stock Up 10.4%
Shares of NASDAQ EH opened at $8.71 on Tuesday. The company has a market capitalization of $654.30 million, a price-to-earnings ratio of -19.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 1.93. The business has a 50-day moving average of $10.11 and a two-hundred day moving average of $11.92. EHang has a 1 year low of $7.72 and a 1 year high of $20.45.
EHang announced that its Board of Directors has initiated a share buyback program on Monday, June 8th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Institutional Trading of EHang
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Bank of America reiterated a “buy” rating on shares of EHang in a report on Thursday, March 12th. UBS Group lowered EHang from a “buy” rating to a “neutral” rating and set a $11.10 target price for the company. in a report on Thursday. Weiss Ratings lowered EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Finally, Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.05.
Read Our Latest Stock Report on EHang
EHang Company Profile
EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.
The company’s business model encompasses research and development, manufacturing, certification support, and operations services.
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