EHang Holdings Ltd ADR (NASDAQ: EH)’s stock price has plunge by 0.62relation to previous closing price of 17.76. Nevertheless, the company has seen a -1.76% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-29 that It took until the 1930s for driver’s licenses to be standardized across the board, instead of just buying a car and driving it. Likewise, it took until the 1970s for the National Highway Traffic Safety Administration to be established, enforcing safety standards and certifications for car manufacturers, a historical precedent that could inform the regulatory path for emerging flying car stocks.
Is It Worth Investing in EHang Holdings Ltd ADR (NASDAQ: EH) Right Now?
Additionally, the 36-month beta value for EH is 1.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EH is 43.10M and currently, short sellers hold a 13.49% ratio of that float. The average trading volume of EH on May 02, 2024 was 1.45M shares.
EH’s Market Performance
EH’s stock has seen a -1.76% decrease for the week, with a -5.40% drop in the past month and a 76.76% gain in the past quarter. The volatility ratio for the week is 5.75%, and the volatility levels for the past 30 days are at 7.28% for EHang Holdings Ltd ADR The simple moving average for the past 20 days is -1.15% for EH’s stock, with a 10.53% 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 12.66% 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 -30.68% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 5.75%, as shares sank -4.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +76.56% upper at present.
During the last 5 trading sessions, EH fell by -1.87%, which changed the moving average for the period of 200-days by -3.36% in comparison to the 20-day moving average, which settled at $18.04. In addition, EHang Holdings Ltd ADR saw 6.37% 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:
- -2.52 for the present operating margin
- 0.64 for the gross margin
The net margin for EHang Holdings Ltd ADR stands at -2.57. The total capital return value is set at -0.85. 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 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is -19.81.
Currently, EBITDA for the company is -264.66 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 69.32. The receivables turnover for the company is 2.55for trailing twelve months and the total asset turnover is 0.2. 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 seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
