EHang Holdings Ltd ADR (NASDAQ:EH) traded at $15.37 at close of the session on Friday, March 15, made an upward move of 12.93% on its previous day’s price.
Looking at the stock we see that its previous close was $13.61 and the beta (5Y monthly) reads 0.94 . In terms of its 52-week price range, EH has a high of $25.78 and a low of $8.63. The company’s stock has gained about 54.63% over that past 30 days.
EHang Holdings Ltd ADR has a market cap of $628.33 million and is expected to release its quarterly earnings report on Mar 15, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.1, with the EPS growth for the year raised at -$0.63 for 2023 and -$0.1 for next year. These figures represent -21.20% and 84.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.82 million, with a low of $7.82 million and a high of $7.82 million. The median projection represents growth squeezing down to 243.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $16.28 million, or 153.40% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EH stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 25% Buy.
Looking further, we note the current price level is 35.21% off its SMA20 and 29.11% from its 50-day simple moving average. The RSI (14) is pointing at 69.71 while the volatility over the past week is 12.97% and jumps to 6.90% over the past one month. The beta value is 0.94, while the average true range (ATR) is currently pointing at 1.05.
Coming back to EHang Holdings Ltd ADR (NASDAQ:EH), we note that the average 3-month trading volume was 736.39K, while that of the preceding 10-day period stands at 1.39 million. Current shares outstanding are 40.88 million.
The insiders hold 1.54% of the company’s shares while institutions hold 26.89%. The data shows that short shares as of Feb 29, 2024, stood at 6.56 million at a short ratio of 9.67. This represents a 10.87% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 6.91 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -8.51% down in year-to-date price movement.
