EHang Holdings announces $30M share repurchase program

seekingalpha
22 Nov 2024
  • EHang Holdings (NASDAQ:EH) announced that its board has approved a $30 million share repurchase program.
  • Under the 12-month program, the company may buy back its American Depositary Shares (ADSs) or ordinary shares.
  • The company expects to fund repurchases from its existing cash balance and cash generated from operations.
  • The share repurchase amount of $30 million represents ~3.1% of market cap of $967.0 million as of Nov 21, 2024.
  • Stock of EH is up about 1% in premarket trade on Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10