EHang Holdings Ltd ADR (NASDAQ: EH)’s stock price has gone rise by 8.89 in comparison to its previous close of 14.06, however, the company has experienced a -0.52% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-11-22 that GUANGZHOU, China, Nov. 22, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced that the Company’s Board of Directors has approved a Share Repurchase Program, pursuant to which the Company may repurchase up to US$30 million of its American Depositary Shares (“ADSs”) or ordinary shares over the next 12 months.
Is It Worth Investing in EHang Holdings Ltd ADR (NASDAQ: EH) Right Now?
The 36-month beta value for EH is also noteworthy at 0.93. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EH is 43.36M, and at present, short sellers hold a 13.50% of that float. The average trading volume of EH on November 25, 2024 was 1.98M shares.
EH’s Market Performance
EH stock saw a decrease of -0.52% in the past week, with a monthly decline of -11.04% and a quarterly a decrease of 3.66%. The volatility ratio for the week is 10.15%, and the volatility levels for the last 30 days are 7.48% for EHang Holdings Ltd ADR (EH). The simple moving average for the past 20 days is -6.48% for EH’s stock, with a 1.99% simple moving average for the past 200 days.
Analysts’ Opinion of EH
UBS, on the other hand, stated in their research note that they expect to see EH reach a price target of $22. The rating they have provided for EH stocks is “Buy” according to the report published on August 28th, 2024.
Morgan Stanley gave a rating of “Overweight” to EH, setting the target price at $27.50 in the report published on May 06th of the current year.
EH Trading at -3.37% 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 -33.38% of loss for the given period.
Volatility was left at 7.48%, however, over the last 30 days, the volatility rate increased by 10.15%, as shares sank -17.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.79% upper at present.
During the last 5 trading sessions, EH fell by -0.58%, which changed the moving average for the period of 200-days by +43.26% in comparison to the 20-day moving average, which settled at $16.37. In addition, EHang Holdings Ltd ADR saw -8.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EH
Current profitability levels for the company are sitting at:
- -0.78 for the present operating margin
- 0.62 for the gross margin
The net margin for EHang Holdings Ltd ADR stands at -0.73. The total capital return value is set at -0.31. Equity return is now at value -50.79, with -25.56 for asset returns.
Based on EHang Holdings Ltd ADR (EH), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -85.73.
Currently, EBITDA for the company is -264.26 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 19.24. The receivables turnover for the company is 18.94for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.
Conclusion
In summary, EHang Holdings Ltd ADR (EH) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
