EHang Holdings Ltd ADR (NASDAQ:EH) price is hovering higher on Wednesday, March 27, jumping 4.48% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $17.40. The company’s 5Y monthly beta was ticking 0.94. Taking into account the 52-week price action we note that the stock hit a 52-week high of $25.78 and 52-week low of $9.08. The stock added 61.89% on its value in the past month.
EHang Holdings Ltd ADR, which has a market valuation of $743.20 million, is expected to release its quarterly earnings report May 29, 2024 – Jun 03, 2024. Analysts tracking EH have forecast the quarterly EPS to shrink by -0.09 per share this quarter, while the same analysts predict the annual EPS to hit -$0.11 for the year 2024 and up to $0.42 for 2025. In this case, analysts estimate an annual EPS growth of 65.60% for the year and 481.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $6.56 million, with the likely lows of $6.56 million and highs of $6.56 million. The average estimate suggests sales growth for the quarter will likely rise by 102.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $57.24 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 246.10% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give EH a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that EH’s price is at present 28.89% off the SMA20 and 48.04% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 68.70, with weekly volatility standing at 10.35%. The indicator jumps to 10.42% when calculated based on the past 30 days. EHang Holdings Ltd ADR (NASDAQ:EH)’s beta value is holding at 0.97, while the average true range (ATR) indicator is currently reading 1.53.
An analysis of the EHang Holdings Ltd ADR (NASDAQ:EH) stock in terms of its daily trading volume indicates that the 3-month average is 1.05 million. However, this figure increases on the past 10-day timeline to an average of 2.83 million.
Current records show that the company has 40.88M in outstanding shares. The insiders’ percentage holdings are 1.54% of outstanding shares while the percentage share held by institutions stands at 26.89%. The stats also highlight that short interest as of Feb 29, 2024, stood at 6.56 million shares, which puts the short ratio at the time at 9.67. From this we can glean that short interest is 10.87% of company’s current outstanding shares. Notably, we see that shares short in February fall slightly given the previous month’s figure stood at 6.91 million. But the 8.21% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
