EHang Holdings Ltd ADR (NASDAQ:EH) traded at $18.68 at close of the session on Monday, April 29, made an upward move of 2.41% on its previous day’s price.
Looking at the stock we see that its previous close was $18.24. In terms of its 52-week price range, EH has a high of $25.78 and a low of $9.50. The company’s stock has lost about -9.19% over that past 30 days.
EHang Holdings Ltd ADR has a market cap of $817.62 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.09, with the EPS growth for the year raised at -$0.22 for 2024 and $0.26 for next year. These figures represent 31.20% and 218.20% 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 $6.85 million, with a low of $6.52 million and a high of $7.18 million. The median projection represents growth squeezing down to 111.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $53.15 million, or 221.40% up from figures reported last year.
On the other hand, looking at the outlook for the EH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 2.53% off its SMA20 and 21.32% from its 50-day simple moving average. The RSI (14) is pointing at 57.41 while the volatility over the past week is 5.81% and jumps to 7.47% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 1.42.
Coming back to EHang Holdings Ltd ADR (NASDAQ:EH), we note that the average 3-month trading volume was 1.43 million. Current shares outstanding are 43.77 million.
The insiders hold 1.54% of the company’s shares while institutions hold 25.94%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.19% up in year-to-date price movement.
