The 36-month beta value for EH is at 1.06. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EH is 40.25M, and currently, shorts hold a 15.67% of that float. The average trading volume for EH on April 08, 2024 was 1.20M shares.
EH) stock’s latest price update
The stock price of EHang Holdings Ltd ADR (NASDAQ: EH) has jumped by 9.76 compared to previous close of 19.36. Despite this, the company has seen a gain of 4.17% in its stock price over the last five trading days. InvestorPlace reported 2024-04-02 that If you are after the best flying car stocks to buy in April, then you’ve come to the right place. I believe that this year is when we’ll see flying car stocks take off to new heights, spurred on by a speculative bull market for tech stocks in the Nasdaq and S&P 500.
EH’s Market Performance
EHang Holdings Ltd ADR (EH) has seen a 4.17% rise in stock performance for the week, with a 90.24% gain in the past month and a 39.71% surge in the past quarter. The volatility ratio for the week is 7.19%, and the volatility levels for the past 30 days are at 11.24% for EH. The simple moving average for the past 20 days is 24.95% for EH’s stock, with a 33.79% simple moving average for the past 200 days.
Analysts’ Opinion of EH
Many brokerage firms have already submitted their reports for EH stocks, with Goldman repeating the rating for EH by listing it as a “Buy.” The predicted price for EH in the upcoming period, according to Goldman is $30.50 based on the research report published on October 16, 2023 of the previous year 2023.
Goldman, on the other hand, stated in their research note that they expect to see EH reach a price target of $4. The rating they have provided for EH stocks is “Neutral” according to the report published on October 27th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to EH, setting the target price at $23 in the report published on October 19th of the previous year.
EH Trading at 60.83% from the 50-Day Moving Average
After a stumble in the market that brought EH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.57% of loss for the given period.
Volatility was left at 11.24%, however, over the last 30 days, the volatility rate increased by 7.19%, as shares surge +82.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +73.48% upper at present.
During the last 5 trading sessions, EH rose by +1.96%, which changed the moving average for the period of 200-days by +48.36% in comparison to the 20-day moving average, which settled at $17.48. In addition, EHang Holdings Ltd ADR saw 26.49% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EH
Current profitability levels for the company are sitting at:
- -4.09 for the present operating margin
- 0.64 for the gross margin
The net margin for EHang Holdings Ltd ADR stands at -4.44. The total capital return value is set at -0.83. Equity return is now at value -177.86, with -53.12 for asset returns.
Based on EHang Holdings Ltd ADR (EH), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is -18.83.
Currently, EBITDA for the company is -324.14 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 118.34. The receivables turnover for the company is 4.17for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In conclusion, EHang Holdings Ltd ADR (EH) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
