EHang Holdings Ltd ADR (NASDAQ: EH): Get Ready For The Next Few Months

In today’s recent session, 0.72 million shares of the EHang Holdings Ltd ADR (NASDAQ:EH) have been traded, and its beta is 1.01. Most recently the company’s share price was $17.44, and it changed around -$1.11 or -5.98% from the last close, which brings the market valuation of the company to $767.19M. EH at last check was trading at a discount to its 52-week high of $22.98, offering almost -31.77% off that amount. The share price’s 52-week low was $9.51, which indicates that the recent value has risen by an impressive 45.47% since then. We note from EHang Holdings Ltd ADR’s average daily trading volume that its 10-day average is 2.1 million shares, with the 3-month average coming to 1.59 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 8 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended EH as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. EHang Holdings Ltd ADR is expected to report earnings per share of -0.12 for the current quarter.

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EHang Holdings Ltd ADR (NASDAQ:EH) trade information

Instantly EH has been showing red trend so far today with a performance of -5.98% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.95 on recent trading dayincreased the stock’s daily price by 7.97%. The company’s shares are currently up 3.81% year-to-date, but still up 4.74% over the last five days. On the other hand, EHang Holdings Ltd ADR (NASDAQ:EH) is 23.34% up in the 30-day period. We can see from the shorts that 6.28 million shares have been sold at a short interest cover period of 2.6 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 19.82% 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 fallen -2.13 percent over the past six months and at a 100.00% annual growth rate that is well above the industry average of 17.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -100.00% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be 269.80%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 16.28M in revenue for the current quarter. 3 analysts expect EHang Holdings Ltd ADR to make 23.65M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.92M and 7.97M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 315.10%. Forecasts for the next quarter put sales growth at 196.60%.

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 Sep 30, 2024. The former held 1.17 shares worth $20.46 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 $9.57 million, which represents about 1.25% of the total shares outstanding.