EHang Holdings Ltd ADR (NASDAQ:EH) price on Thursday, February 27, fall -6.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.65.
A look at the stock’s price movement, the close in the last trading session was $25.25. Turning to its 52-week performance, $29.76 and $10.40 were the 52-week high and 52-week low respectively. Overall, EH moved 39.12% over the past month.
EHang Holdings Ltd ADR’s market cap currently stands at around $1.04 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 190.33M for the company’s revenue for the quarter, with a low and high estimate of 161.64M and 219.03M respectively. The average forecast suggests up to a 236.26% 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 435.98M, representing a 271.28% 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 7.20% and 30.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.09, while 7-day volatility ratio is 8.88% and 8.47% in the 30-day chart. Further, EHang Holdings Ltd ADR (EH) has a beta value of 0.89, and an average true range (ATR) of 1.88. 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 32.35% off current price level while to achieve the yearly target high, price needs to move -16.28%. Nonetheless, investors will most likely welcome a 8.03% 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 1.99 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 32.06% of the company’s shares. Current price change has pushed the stock 50.21% 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.
