EHang Holdings Limited (NASDAQ:EH) traded at $23.19 at close of the session on Tuesday, May 04, made a downturn move of -16.88% on its previous day’s price.
Looking at the stock we see that its previous close was $27.9 and the beta (5Y monthly) reads 0 with the day’s price range being $22.80 – 27.27. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, EH has a high of $129.8 and a low of $7.59 -. The company’s stock has gained about -35.65% over that past 30 days.
EHang Holdings Limited has a market cap of $1.31 Billion and is expected to release its quarterly earnings report on May 27, 2021- May 31, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the EH stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.22 for 2021 and $1.31 for next year. These figures represent -3.2% and 4.95% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the EH stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the EHang Holdings Limited (EH) stock as a Hold, while none rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Let’s briefly compare EHang Holdings Limited (EH) stock to its peers. We find that current price change of -16.88% and +110.82% over the past 12 months for EH competes that of Ferrari N.V. (RACE), which has seen its stock price rise 2.15% in the last trading session and was +46.31% over the last one year. Another of its peers Magna International (MGA) has dropped -0.16% previous session, and was +154.58% up over the past year, while Quantumscape Corp (QS) was also down -16.88% in the last session, while its price remained in the green at 110.82% over the same period. EHang Holdings Limited has a P/E ratio of 0 compared to Ferrari N.V.’s 54.77 and Magna International’s 37.72. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
Coming back to EHang Holdings Limited (NASDAQ:EH), we note that the average 3-month trading volume was 5.33 Million, while that of the preceding 10-day period stands at 1.68 Million. Current shares outstanding are 54.73 Million.
According to data from Thomson Reuters, insiders hold 1.05% of the company’s shares while institutions hold 5.36%. The data shows that short shares as of April 14, 2021, stood at 2.97 Million at a short ratio of 1.56. This represents a 4.09% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 2.19 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +9.85% up in year-to-date price movement.