EHang Holdings Ltd ADR [NASDAQ: EH] gained 16.44% or 2.05 points to close at $14.52 with a heavy trading volume of 5254124 shares.
The daily chart for EH points out that the company has recorded 39.75% gains over the past six months.
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If we look at the average trading volume of 818.74K shares, EH reached to a volume of 5254124 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about EHang Holdings Ltd ADR [EH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EH shares is $23.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EH stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for EHang Holdings Ltd ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 06, 2024. The new note on the price target was released on October 16, 2023, representing the official price target for EHang Holdings Ltd ADR stock. Previously, the target price had yet another raise to $4, while Goldman analysts kept a Neutral rating on EH stock.
The Average True Range (ATR) for EHang Holdings Ltd ADR is set at 0.82, with the Price to Sales ratio for EH stock in the period of the last 12 months amounting to 29.31. The Price to Book ratio for the last quarter was 7.26, with the Price to Cash per share for the same quarter was set at 3.09.
Trading performance analysis for EH stock
EHang Holdings Ltd ADR [EH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.51. With this latest performance, EH shares gained by 21.30% in over the last four-week period, additionally plugging by 39.75% over the last 6 months – not to mention a drop of -25.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EH stock in for the last two-week period is set at 64.87, with the RSI for the last a single of trading hit 74.51, and the three-weeks RSI is set at 58.46 for EHang Holdings Ltd ADR [EH]. The present Moving Average for the last 50 days of trading for this stock 13.36, while it was recorded at 12.57 for the last single week of trading, and 14.85 for the last 200 days.
EHang Holdings Ltd ADR [EH]: A deeper dive into fundamental analysis
EHang Holdings Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.99 and a Current Ratio set at 2.12.
EHang Holdings Ltd ADR [EH]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, EHang Holdings Ltd ADR posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EH.
An analysis of Institutional ownership at EHang Holdings Ltd ADR [EH]
The top three institutional holders of EH stocks are: AXIM PLANNING & WEALTH with ownership of 4.69 million shares, which is approximately 7.4091%. CARMIGNAC GESTION, holding 1.89 million shares of the stock with an approximate value of $$25.62 million in EH stocks shares; and CARMIGNAC GESTION, currently with $$20.87 million in EH stock with ownership which is approximately 2.4263%.
