EHang Holdings Ltd ADR (NASDAQ:EH) price on Wednesday, May 09, fall -3.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.73.
A look at the stock’s price movement, the close in the last trading session was $18.39. Turning to its 52-week performance, $25.78 and $9.50 were the 52-week high and 52-week low respectively. Overall, EH moved -12.01% over the past month.
EHang Holdings Ltd ADR’s market cap currently stands at around $776.04 million.
Analysts have a consensus estimate of 6.85M for the company’s revenue for the quarter, with a low and high estimate of 6.52M and 7.18M respectively. The average forecast suggests up to a 111.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 54.33M, representing a 228.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EH is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
EH’s current price about -0.37% and 7.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.38, while 7-day volatility ratio is 5.38% and 6.53% in the 30-day chart. Further, EHang Holdings Ltd ADR (EH) has a beta value of 1.09, and an average true range (ATR) of 1.27.
If we refocus on EHang Holdings Ltd ADR (NASDAQ:EH), historical trading data shows that trading volumes averaged 1.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 43.77 million shares.
The 1.54% of EHang Holdings Ltd ADR’s shares are in the hands of company insiders while institutional holders own 25.41% of the company’s shares. Current price change has pushed the stock 5.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EH stock continues to rise going into the next quarter.
