Noah Holdings Ltd ADR [NYSE: NOAH] stock went on an upward path that rose over 0.51% on Tuesday, amounting to a one-week price increase of more than 0.25%.
Over the last 12 months, NOAH stock dropped by -0.52%. The one-year Noah Holdings Ltd ADR stock forecast points to a potential upside of 8.44. The average equity rating for NOAH stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $791.74 million, with 65.82 million shares outstanding and 63.01 million shares in the current float. Compared to the average trading volume of 205.18K shares, NOAH stock reached a trading volume of 295885 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Noah Holdings Ltd ADR [NOAH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOAH shares is $13.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOAH stock is a recommendation set at 2.50. 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 Noah Holdings Ltd ADR shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 29, 2024. The new note on the price target was released on October 24, 2024, representing the official price target for Noah Holdings Ltd ADR stock. Previously, the target price had yet another drop from $18 to $13, while JP Morgan kept a Neutral rating on NOAH stock. On November 13, 2023, analysts increased their price target for NOAH shares from 16.30 to 18.
The Average True Range (ATR) for Noah Holdings Ltd ADR is set at 0.50, with the Price to Sales ratio for NOAH stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 10.19.
NOAH Stock Performance Analysis:
Noah Holdings Ltd ADR [NOAH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.25. With this latest performance, NOAH shares gained by 3.66% in over the last four-week period, additionally plugging by 27.85% over the last 6 months – not to mention a drop of -0.52% 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 NOAH stock in for the last two-week period is set at 48.80, with the RSI for the last a single of trading hit 49.43, and the three-weeks RSI is set at 49.47 for Noah Holdings Ltd ADR [NOAH]. The present Moving Average for the last 50 days of trading for this stock 12.23, while it was recorded at 11.68 for the last single week of trading, and 10.96 for the last 200 days.
Noah Holdings Ltd ADR [NOAH] Institutonal Ownership Details
The top three institutional holders of NOAH stocks are: YIHENG CAPITAL MANAGEMENT, L.P. with ownership of 6.72 million shares, which is approximately 9.6297%. FIL LTD, holding 4.9 million shares of the stock with an approximate value of $$47.27 million in NOAH stocks shares; and FIL LTD, currently with $$26.23 million in NOAH stock with ownership which is approximately 4.729%.
