EHang Holdings Ltd ADR (NASDAQ:EH) price on Tuesday, December 24, rose 1.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $15.24.
A look at the stock’s price movement, the close in the last trading session was $14.97, moving within a range at $14.79 and $15.645. The beta value (5-Year monthly) was 0.993. Turning to its 52-week performance, $22.98 and $9.51 were the 52-week high and 52-week low respectively. Overall, EH moved 8.46% over the past month.
EHang Holdings Ltd ADR’s market cap currently stands at around $671.17 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 143.31M for the company’s revenue for the quarter, with a low and high estimate of 143.31M and 143.31M respectively. The average forecast suggests up to a 153.19% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 428.8M, representing a 265.16% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EH is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend EH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EH’s current price about 1.38% and -4.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.50, while 7-day volatility ratio is 6.08% and 5.35% in the 30-day chart. Further, EHang Holdings Ltd ADR (EH) has a beta value of 0.95, and an average true range (ATR) of 0.97. Analysts have given the company’s stock an average 52-week price target of $21.75, forecast between a low of $16 and high of $27.5. Looking at the price targets, the low is -4.99% off current price level while to achieve the yearly target high, price needs to move -80.45%. Nonetheless, investors will most likely welcome a -42.72% jump to $21.75 which is the analysts’ median price.
If we refocus on EHang Holdings Ltd ADR (NASDAQ:EH), historical trading data shows that trading volumes averaged 1.2 over the past 10 days and 2.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 44.04 million shares.
The 1.54% of EHang Holdings Ltd ADR’s shares are in the hands of company insiders while institutional holders own 29.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.85 million on 2024-10-31, giving us a short ratio of 2.12. The data shows that as of 2024-10-31 short interest in EHang Holdings Ltd ADR (EH) stood at 1342.0000000000002 of shares outstanding, with shares short falling to 6.43 million registered in 2024-09-30. Current price change has pushed the stock -9.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EH stock continues to rise going into the next quarter.
