EHANG DRONE STOCK TRIAL
Since 2017, Ehang has made over 10,000 trial flights with its autonomous aerial vehicles in 41 cities and eight countries. Ehang uses proprietary equipment designed by our chosen supplier, he added. A journalist flew on the Air Taxi EHANG 216 during the Urban Air Mobility in Vienna, Austria, in April 2019. That gives the company a market cap of around 331 million.
EHANG DRONE STOCK FULL
EHang Holdings Limited Reports Earnings Results for the Fourth Quarter and Full Year En. While EHang stock hit as high as 13.70 per share, it has also dipped as low as 7.84 in the short timespan that it’s been on the public market.
Capitalgainsreport : Four Commercial Drone Stocks to Put on Your Radar Today (EPAZ, JOBY. It is also “absolutely wrong” to allege that Ehang uses inferior motors in its machines, Hu said. EHang to Report First Quarter 2023 Unaudited Financial Results on Wednesday, May 31, 20. “We do not have a tradition of burning cash for white elephant money-pit projects. “The firm is committed to maintaining the highest standards of corporate governance and is in full compliance with the regulations of the US Securities and Exchange Commission and Nasdaq bourse,” it added.Įhang, which develops autonomous flying vehicles for urban air mobility solutions such as passenger transport and logistics, has spent approximately USD37 million on research and development since 2017, much less than its peers, said founder Hu Huazhi. The ‘Ehang: A Stock Promotion Destined to Crash and Burn’ report “contains numerous errors, unsubstantiated statements and misinterpretation of information,” Ehang said. EHang stock (NASDAQ:EH) has been named one of the Chinese stocks with the Best Investment Value, as the company celebrates a number of wins in 2022. It went on to accuse the Guangzhou-based firm of having an “exaggerated physical presence,” when much of its office space lies empty, and of using “hobby-grade motors” in its EH216 model. Stock Price Data as of 3:20 AM EDT Data Provided by Refinitiv. 1 last year, and a ten-fold gain from its issue price of USD12.50 in December 2019.Įhang has been “fabricating revenues based on sham sales contracts,” Wolfpack Research said in its report, which cited recorded phone calls, videos of on-site visits and other evidence. This brought an end to an astonishing nine-fold gain in its share price to an all-time high of USD126.70 on Feb. 16 after the Chinese unmanned aerial vehicle manufacturer strongly refuted a short selling report released that day accusing it of being an “elaborate stock promotion” built on lies and fake clients.Įhang’s stock price advanced 67.88 percent yesterday to close at USD77.73, erasing much of the 63 percent drop the day before.
18 - Shares in Ehang yesterday clawed back most of the sharp losses made on Feb.
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