EHang Holdings Ltd ADR (NASDAQ:EH) shares, rose in value on Thursday, January 02, with the stock price up by 1.49% to the previous day’s close as strong demand from buyers drove the stock to $15.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.74, falling within a range of $15.5856 and $16.61. The value of beta (5-year monthly) is 0.993. Referring to stock’s 52-week performance, its high was $22.98, and the low was $9.51. On the whole, EH has fluctuated by 2.17% over the past month.
With the market capitalization of EHang Holdings Ltd ADR currently standing at about $703.76 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 430M, with a low estimate of 161.64M and a high estimate of 207.53M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 184.58M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EH’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of EH currently trading nearly 5.02% and 0.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.74, while the 7-day volatility ratio is showing 8.39% which for the 30-day chart, stands at 5.81%. Furthermore, EHang Holdings Ltd ADR (EH)’s beta value is 0.94, and its average true range (ATR) is 1.10.
A comparison of EHang Holdings Ltd ADR (EH) with its peers suggests the former has fared considerably weaker in the market. EH showed an intraday change of 1.49% in today’s session so far, and over the past year, it grew by 1.14%%.
Data on historical trading for EHang Holdings Ltd ADR (NASDAQ:EH) indicates that the trading volumes over the past 10 days have averaged 1.73 and over the past 3 months, they’ve averaged 2.16 million. According to company’s latest data on outstanding shares, there are 44.04 million shares outstanding.
Nearly 1.54% of EHang Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 29.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.85 million shares as on 2024-10-31, resulting in a short ratio of 2.12. According to the data, the short interest in EHang Holdings Ltd ADR (EH) stood at 1342.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.43 million. The stock has risen by 1.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EH stock heading into the next quarter.
