In the latest trading session, 0.44 million EHang Holdings Ltd ADR (NASDAQ:EH) shares changed hands as the company’s beta touched 0.91. With the company’s most recent per share price at $16.20 changing hands around $1.25 or 8.36% at last look, the market valuation stands at $662.26M. EH’s current price is a discount, trading about -59.14% off its 52-week high of $25.78. The share price had its 52-week low at $4.16, which suggests the last value was 74.32% up since then. When we look at EHang Holdings Ltd ADR’s average trading volume, we note the 10-day average is 1.41 million shares, with the 3-month average coming to 966.75K.
Analysts gave the EHang Holdings Ltd ADR (EH) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended EH as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. EHang Holdings Ltd ADR’s EPS for the current quarter is expected to be $0.
EHang Holdings Ltd ADR (NASDAQ:EH) trade information
Instantly EH is in green as seen in intraday trades today. With action 21.35%, the performance over the past five days has been green. The jump to weekly highs of 16.30 on Friday, 11/17/23 added 8.36% to the stock’s daily price. The company’s shares are showing year-to-date upside of 88.81%, with the 5-day performance at 21.35% in the green. However, in the 30-day time frame, EHang Holdings Ltd ADR (NASDAQ:EH) is -2.59% down. Looking at the short shares, we see there were 8.79 million shares sold at short interest cover period of 11.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is $222.79, meaning bulls need an upside of 92.73% from its recent market value. According to analyst projections, EH’s forecast low is $222.79 with $222.79 as the target high. To hit the forecast high, the stock’s price needs a -1275.25% plunge from its current level, while the stock would need to soar -1275.25% for it to hit the projected low.
EHang Holdings Ltd ADR (EH) estimates and forecasts
Year-over-year growth is forecast to reach 147.00% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $3.34 million. 1 analysts are of the opinion that EHang Holdings Ltd ADR’s revenue for the quarter ending Sep 2023 will be $1.64 million. The estimates for the next quarter sales put growth at 41.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.11%. The 2023 estimates are for EHang Holdings Ltd ADR earnings to decrease by -56.38%.
EHang Holdings Ltd ADR is expected to release its next quarterly earnings report on November 22.
EHang Holdings Ltd ADR (NASDAQ:EH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.82% of EHang Holdings Ltd ADR shares while 19.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.55%. There are 19.39% institutions holding the EHang Holdings Ltd ADR stock share, with Axim Planning & Wealth the top institutional holder. As of Jun 29, 2023, the company held 7.67% of the shares, roughly 3.14 million EH shares worth $47.58 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 3.73% or 1.53 million shares worth $23.14 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF and Vanguard International Stock Index-Emerging Markets Stk. With 0.95 million shares estimated at $18.77 million under it, the former controlled 2.33% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 1.30% of the shares, roughly 0.53 million shares worth around $12.05 million.