Buy, Sell Or Hold EHang Holdings Ltd ADR (NASDAQ:EH) At $16.50?

In last trading session, EHang Holdings Ltd ADR (NASDAQ:EH) saw 1.94 million shares changing hands with its beta currently measuring 1.02. Company’s recent per share price level of $16.50 trading at $0.96 or 6.18% at ring of the bell on the day assigns it a market valuation of $725.84M. That closing price of EH’s stock is at a discount of -39.27% from its 52-week high price of $22.98 and is indicating a premium of 42.36% from its 52-week low price of $9.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.84 million shares which gives us an average trading volume of 1.46 million if we extend that period to 3-months.

For EHang Holdings Ltd ADR (EH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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EHang Holdings Ltd ADR (NASDAQ:EH) trade information

Upright in the green during last session for gaining 6.18%, in the last five days EH remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $16.50 price level, adding 9.59% to its value on the day. EHang Holdings Ltd ADR’s shares saw a change of -1.79% in year-to-date performance and have moved -6.33% in past 5-day. EHang Holdings Ltd ADR (NASDAQ:EH) showed a performance of 33.28% in past 30-days. Number of shares sold short was 6.43 million shares which calculate 6.62 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 21.75 to the stock, which implies a rise of 24.14% to its current value. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 27.5. It follows that stock’s current price would jump 3.03% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.03% for stock’s current value.

EHang Holdings Ltd ADR (EH) estimates and forecasts

Statistics highlight that EHang Holdings Ltd ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -5.66% of value to its shares in past 6 months, showing an annual growth rate of 100.00% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.67% during past 5 years.

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

AXIM PLANNING & WEALTH is the top institutional holder at EH for having 4.69 million shares of worth $63.74 million. And as of 2024-06-30, it was holding 7.4091 of the company’s outstanding shares.

The second largest institutional holder is CARMIGNAC GESTION, which was holding about 1.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9779 of outstanding shares, having a total worth of $25.62 million.