EHang Holdings rise on better Q1 results
20/05/2024 10:18
** Shares in drone maker EHang Holdings EH.O rise 6% to
$20.3 premarket
** Q1 revenue of RMB 61.7 mln increased by 178% YoY
** Quarterly net loss of RMB 63.4 mln, narrowed from RMB 87
mln in Q1 2023
** Revenue increases were primarily due to the increase in
the sales volume of EH216 series products- co
** Five of five brokerages rate the stock "buy" or higher;
their median PT is $27.50
** Up to Friday's close, stock had risen 14% YTD
(Reporting by Khushi Singh in Bengaluru)
((Khushi.Singh@thomsonreuters.com;))