The stock price of EHang Holdings Ltd ADR (NASDAQ: EH) has surged by 2.98 when compared to previous closing price of 14.97, but the company has seen a 5.52% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-21 that GUANGZHOU, China, Dec. 21, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced the signing of a strategic cooperation agreement with Chongqing Changan Automobile Co., Ltd., (“Changan Automobile”), a leading Chinese car manufacturer listed on the Shenzhen Stock Exchange (ticker symbol:000625), in the presence of the Chongqing Municipal Government and representatives from various industry sectors. The parties will collaborate on the research and development, manufacturing, sales, and operation of flying car-related products, including electric vertical takeoff and landing (“eVTOL”) aircraft and innovative flying cars. Leveraging EHang’s strong product development capabilities in aerial vehicles and low-altitude flight management technology solutions and combining Changan Automobile’s robust production and manufacturing foundation and rich market resources in the automotive sector, the parties will explore the establishment of a joint venture focused on future mobility ecosystem technologies. This cross-industry strategic partnership will further enrich and expand EHang’s eVTOL product line, unlocking a vast potential market for flying cars targeting a broad C-end customer base.
Is It Worth Investing in EHang Holdings Ltd ADR (NASDAQ: EH) Right Now?
The 36-month beta value for EH is also noteworthy at 0.95. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 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 13.44% of that float. The average trading volume of EH on December 24, 2024 was 2.14M shares.
EH’s Market Performance
The stock of EHang Holdings Ltd ADR (EH) has seen a 5.52% increase in the past week, with a 9.65% rise in the past month, and a 21.58% gain in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are at 5.37% for EH. The simple moving average for the past 20 days is 2.50% for EH’s stock, with a -0.16% 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 -3.07% 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 -32.91% of loss for the given period.
Volatility was left at 5.37%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares surge +1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.96% lower at present.
During the last 5 trading sessions, EH rose by +5.75%, which changed the moving average for the period of 200-days by +21.08% in comparison to the 20-day moving average, which settled at $15.04. In addition, EHang Holdings Ltd ADR saw -8.24% 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 19.9. 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 mixed 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.
