After Sinking 16.58% During Past Week, Is EHang Holdings Ltd ADR (NASDAQ: EH) Still A Buy?

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EHang Holdings Ltd ADR (NASDAQ:EH)’s traded shares stood at 3.83 million during the last session, with the company’s beta value hitting 0.94. At the close of trading, the stock’s price was $16.25, to imply an increase of 6.59% or $1.01 in intraday trading. The EH share’s 52-week high remains $22.98, putting it -41.42% down since that peak but still an impressive 41.48% since price per share fell to its 52-week low of $9.51. The company has a valuation of $715.43M, with an average of 1.2 million shares in intraday trading volume over the past 10 days and average of 2.12 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for EHang Holdings Ltd ADR (EH), translating to a mean rating of 1.29. Of 3 analyst(s) looking at the stock, 0 analyst(s) give EH a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.4.

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EHang Holdings Ltd ADR (NASDAQ:EH) trade information

After registering a 6.59% upside in the last session, EHang Holdings Ltd ADR (EH) has traded red over the past five days. The 5-day price performance for the stock is 16.58%, and 6.52% over 30 days. With these gigs, the year-to-date price performance is -3.30%. Short interest in EHang Holdings Ltd ADR (NASDAQ:EH) saw shorts transact 5.85 million shares and set a 2.12 days time to cover.

The extremes give us $16 and $27.5 for target low and target high price respectively. As such, EH has been trading -69.23% off suggested target high and 1.54% from its likely low.

EHang Holdings Ltd ADR (EH) estimates and forecasts

Looking at statistics comparing EHang Holdings Ltd ADR share performance against respective industry, we note that the company has outperformed competitors. EHang Holdings Ltd ADR (EH) shares are 19.54% up over the last 6 months, with its year-to-date growth rate higher than industry average at 100.00% against 14.80%. The rating firms project that company’s revenue will grow 265.16% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 143.31M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 148.72M.Earnings reports from the last fiscal year show that sales brought in 56.6M and 61.73M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 153.19% before jumping 140.93% in the following quarter.

EH Dividends

EHang Holdings Ltd ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is CARMIGNAC GESTION with 1.89 million shares, or about 2.9779% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $25.62 million.