EHang (NASDAQ:EH) Posts Quarterly Earnings Results

EHang (NASDAQ:EH) posted its earnings results on Thursday. The company reported ($0.14) EPS for the quarter, Zacks reports. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. The business had revenue of $14.04 million for the quarter. During the same quarter in the previous year, the company posted ($0.18) EPS. EHang updated its Q3 2024 guidance to EPS.

EHang Stock Performance

Shares of EH opened at $15.39 on Friday. The stock has a 50-day moving average of $13.35 and a 200-day moving average of $14.78. EHang has a one year low of $9.51 and a one year high of $25.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.97 and a quick ratio of 1.69. The company has a market cap of $977.36 million, a PE ratio of -23.82 and a beta of 1.01.

Wall Street Analyst Weigh In

Separately, Morgan Stanley assumed coverage on shares of EHang in a research note on Monday, May 6th. They issued an “overweight” rating and a $27.50 price objective on the stock.

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.