Fintel reports that on January 2, 2025, CICC initiated coverage of EHang Holdings Limited - Depositary Receipt () (NasdaqGM:EH) with a Outperform recommendation.
Analyst Price Forecast Suggests 47.66% Upside
As of December 23, 2024, the average one-year price target for EHang Holdings Limited - Depositary Receipt () is $23.25/share. The forecasts range from a low of $17.17 to a high of $34.63. The average price target represents an increase of 47.66% from its latest reported closing price of $15.74 / share.
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The projected annual revenue for EHang Holdings Limited - Depositary Receipt () is 38MM, a decrease of 89.12%. The projected annual non-GAAP EPS is -0.38.
What is the Fund Sentiment?
There are 82 funds or institutions reporting positions in EHang Holdings Limited - Depositary Receipt (). This is an decrease of 2 owner(s) or 2.38% in the last quarter. Average portfolio weight of all funds dedicated to EH is 0.83%, an increase of 1.16%. Total shares owned by institutions decreased in the last three months by 5.76% to 12,705K shares. 
The put/call ratio of EH is 1.10, indicating a bearish outlook.
What are Other Shareholders Doing?
Axim Planning & Wealth holds 4,605K shares. In its prior filing, the firm reported owning 4,694K shares , representing a decrease of 1.93%. The firm decreased its portfolio allocation in EH by 4.00% over the last quarter.
Carmignac Gestion holds 1,226K shares. In its prior filing, the firm reported owning 1,887K shares , representing a decrease of 53.83%. The firm decreased its portfolio allocation in EH by 34.11% over the last quarter.
KOMP - SPDR S&P Kensho New Economies Composite ETF holds 1,174K shares. In its prior filing, the firm reported owning 1,158K shares , representing an increase of 1.37%. The firm decreased its portfolio allocation in EH by 2.28% over the last quarter.
Group One Trading holds 878K shares. In its prior filing, the firm reported owning 1,438K shares , representing a decrease of 63.87%. The firm decreased its portfolio allocation in EH by 53.27% over the last quarter.
Millennium Management holds 688K shares. In its prior filing, the firm reported owning 115K shares , representing an increase of 83.33%. The firm increased its portfolio allocation in EH by 539.70% over the last quarter.
EHang Holdings Background Information
(This description is provided by the company.)
EHang is the world's leading autonomous aerial vehicle (AAV) technology platform company. Its mission is to make safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility (UAM) industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.
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