Why Investors Shouldn’t Be Surprised By EHang Holdings Limited’s (NASDAQ:EH) 46% Share Price Surge
EHang Holdings Limited (NASDAQ:EH) shares have had a really impressive month, gaining 46% after a shaky period beforehand. Notwithstanding the latest gain, the annual share price return of 2.5% isn’t as impressive.
After such a large jump in price, when almost half of the companies in the United States’ Aerospace & Defense industry have price-to-sales ratios (or “P/S”) below 2.3x, you may consider EHang Holdings as a stock not worth researching with its 31.4x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
View our latest analysis for EHang Holdings
How EHang Holdings Has Been Performing
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