During the last session, Noah Holdings Limited (NYSE:NOAH)’s traded shares were 0.4 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $16.09, reflecting an intraday loss of -1.05% or -$0.17. The 52-week high for the NOAH share is $49.88, that puts it down -210.01 from that peak though still a striking 6.4% gain since the share price plummeted to a 52-week low of $15.06. The company’s market capitalization is $1.03B, and the average intraday trading volume over the past 10 days was 0.28 million shares, and the average trade volume was 208.15K shares over the past three months.
Noah Holdings Limited (NOAH) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.80. NOAH has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Noah Holdings Limited (NYSE:NOAH) trade information
Noah Holdings Limited (NOAH) registered a -1.05% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.05% in intraday trading to $16.09 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -3.36%, and it has moved by -28.11% in 30 days. Based on these gigs, the overall price performance for the year is -62.76%. The short interest in Noah Holdings Limited (NYSE:NOAH) is 0.83 million shares and it means that shorts have 6.9 day(s) to cover.
The consensus price target of analysts on Wall Street is $199.70, which implies an increase of 91.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $124.47 and $281.36 respectively. As a result, NOAH is trading at a discount of -1648.66% off the target high and -673.59% off the low.
Noah Holdings Limited (NOAH) estimates and forecasts
Statistics show that Noah Holdings Limited has outperformed its competitors in share price, compared to the industry in which it operates. Noah Holdings Limited (NOAH) shares have gone down -63.99% during the last six months, with a year-to-date growth rate more than the industry average at 14.11% against -2.10. In the rating firms’ projections, revenue will increase 25.40% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 12.70%. While earnings are projected to return 261.90% in 2022.
Noah Holdings Limited is due to release its next quarterly earnings between March 14 and March 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Noah Holdings Limited (NYSE:NOAH)’s Major holders
Noah Holdings Limited insiders own 0.37% of total outstanding shares while institutional holders control 71.86%, with the float percentage being 72.14%. Yiheng Capital Management, L.P. is the largest shareholder of the company, while 219 institutions own stock in it. As of Sep 29, 2021, the company held over 6.65 million shares (or 14.59% of all shares), a total value of $246.8 million in shares.
The next largest institutional holding, with 4.55 million shares, is of FIL LTD’s that is approximately 9.99% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $168.98 million.
Also, the Mutual Funds coming in first place with the largest holdings of Noah Holdings Limited (NOAH) shares are Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Jul 30, 2021 indicates that Vanguard International Stock Index-Emerging Markets Stk owns about 0.47 million shares. This amounts to just over 1.03 percent of the company’s overall shares, with a $18.15 million market value. The same data shows that the other fund manager holds slightly less at 0.42 million, or about 0.92% of the stock, which is worth about $16.1 million.