EHang Holdings Ltd ADR (NASDAQ: EH): Performance Review And Forecast

In today’s recent session, 9.17 million shares of the EHang Holdings Ltd ADR (NASDAQ:EH) have been traded, and its beta is 1.00. Most recently the company’s share price was $21.47, and it changed around $3.95 or 22.55% from the last close, which brings the market valuation of the company to $944.47M. EH at last check was trading at a discount to its 52-week high of $25.78, offering almost -20.07% off that amount. The share price’s 52-week low was $9.51, which indicates that the recent value has risen by an impressive 55.71% since then. We note from EHang Holdings Ltd ADR’s average daily trading volume that its 10-day average is 2.03 million shares, with the 3-month average coming to 1.07 million.

EHang Holdings Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended EH as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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EHang Holdings Ltd ADR (NASDAQ:EH) trade information

Instantly EH has been showing a green trend so far today with a performance of 22.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 21.49 on recent trading dayincreased the stock’s daily price by 0.09%. The company’s shares are currently up 27.80% year-to-date, but still up 51.84% over the last five days. On the other hand, EHang Holdings Ltd ADR (NASDAQ:EH) is 82.41% up in the 30-day period. We can see from the shorts that 5.48 million shares have been sold at a short interest cover period of 5.02 day(s).

The consensus price target as assigned by Wall Street analysts is $21.75, which translates to bulls needing to increase their stock price by 1.29% from its current value. Analyst projections state that EH is forecast to be at a low of $16 and a high of $27.5.

EHang Holdings Ltd ADR (EH) estimates and forecasts

EHang Holdings Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 5.76 percent over the past six months and at a 100.00% annual growth rate that is well above the industry average of 16.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.67%.

EH Dividends

EHang Holdings Ltd ADR’s next quarterly earnings report is expected to be released on 2024-Nov-20.

EHang Holdings Ltd ADR (NASDAQ:EH)’s Major holders

CARMIGNAC GESTION, with 2.9779% or 1.89 million shares worth $25.62 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Aug 31, 2024. The former held 1.17 shares worth $24.88 million, making up 2.66% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 549.27 shares worth around $11.67 million, which represents about 1.25% of the total shares outstanding.