On Tuesday, EHang Holdings stock earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 79.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if EHang Holdings stock can continue to rebound and clear that threshold.
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Is EHang Holdings Stock A Buy?
While the aerospace defense stock is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The autonomous aerial vehicle (AAV) technology platform company posted 0% earnings growth in the latest quarterly report, while sales growth came in at 366%.
EHang Holdings stock earns the No. 25 rank among its peers in the Aerospace/Defense industry group. M-tron Industries, Howmet Aerospace and Heico Cl A are among the top 5 highly rated stocks within the group. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
