EHANG Holdings (EH, Financial), a leading urban air mobility technology company, experienced a significant stock price drop of 5%. The stock is currently trading at $15.19 per share, with a trading volume of 1.11938 million shares and a turnover rate of 1.76%. The stock's amplitude is recorded at 5.25%.
Recent financial reports show EHANG achieved a revenue of $17.88 million, with a net loss of $6.70 million, translating to an earnings per share of -$0.10. The gross profit stands at $10.94 million, and the price-to-earnings ratio is -27.21. Among the nine institutions rating the stock, 89% recommend buying, while 11% suggest holding, with no sell recommendations.
In the aerospace and defense sector, where EHANG operates, the overall index rose by 0.35%. Notable performers in the sector include Xti Aerospace, Inc., Gauzy Ltd., and Coda Octopus Group, Inc., which have shown significant gains. Xti Aerospace, Inc., Nauticus Robotics, Inc., and Hyperscale Data, Inc. are also active in terms of turnover rates, with Xti Aerospace, Inc. showing a remarkable amplitude of 159.09%.
EHANG specializes in providing unmanned aerial vehicle (UAV) systems and solutions for urban air transportation, smart city management, and aerial media. Its EH216-S model has received production and airworthiness certification from the Civil Aviation Administration of China, marking a significant milestone in the company's mission to advance urban air mobility.
