Ehang Holdings Ltd ADR Down 4.15% To $7.42 After Earnings

Ehang Holdings Ltd ADR (EH) said before open Thursday that it lost $0.14 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $2.2 million in revenue

In the same quarter a year ago, the company lost $0.14 per share on revenue of $1.9 million.

The stock is down 4.15% to $7.42 after the report.



Wall Street Analysts had an average rating of Hold on the stock prior to the report.

Trading in the five days leading up to the report earned Ehang Holdings Ltd ADR a Bullish Sentiment Rank from InvestorsObserver.

Ehang Holdings Ltd ADR has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 12, putting Ehang Holdings Ltd ADR in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $6.56 on July 28, 2022 and set a 52-week high on September 3, 2021 at $29.33.

EHang Holdings Ltd is an autonomous aerial vehicle (AAV) technology platform company. It focuses on making 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 industry, it continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.