What Analysts Say about the EHang Holdings Limited (EH) Stock

EHang Holdings Limited (NASDAQ:EH) saw a downside of -2.76% to close Friday at $23.25 after subtracting -$0.66 on the day. The 5-day average trading volume is 594,180 shares of the company’s common stock. It has gained $26.92 in the past week and touched a new high 1 time within the past 5 days. An average of 732,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 947,098.

EH’s 1-month performance is -13.34% or -$3.58 on its low of $22.60 reached on 10/01/21. The company’s shares have touched a 52-week low of $7.90 and high of $129.80, with the stock’s rally to the 52-week high happening on 02/12/21. YTD, EH has achieved 10.14% or $2.14 and has reached a new high 15 times. However, the current price is down -82.09%% from the 52-week high price.


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Valuation Metrics

EHang Holdings Limited (EH) has a trailing price-to-earnings (P/E) ratio of 25.84 for the broader industry and 28.42 for the sector, meaning that investors are optimistic about the stock’s future prospects. EH stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 53.49 while the price-to-book (PB) in the most recent quarter is 17.75.

EHang Holdings Limited’s quick ratio for the period ended December 30 was 4.40, with the current ratio over the same period at 4.90 meaning that EH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.04, while the total debt to equity was 0.06. In terms of profitability, the gross margin trailing 12 months is 60.50%The trailing 12-month EBITDA margin is -50.91%. The firm’s gross profit as reported stood at $16.27 million against revenue of $27.6 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. EHang Holdings Limited’s return on assets over the past 12 months stands at -31.50%. Return on investment over the past year is -28.40%, while its return on equity (ROE) trailing 12 months is -47.70%. In comparison, the average ROE for the broader industry over the past year is 4.09.

Earnings Surprise

For the quarterly period ending December 30 this year, EHang Holdings Limited’s cash and short-term investments amounted to $7.55 million against total debt of $30.0 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected EH to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.02, representing a -100.00% surprise. EBITDA for the quarter stood at more than -$11.25 million. EH stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 29.83 million, with total debt at $30.0 million

Technical Picture

Let’s look briefly at EHang Holdings Limited (EH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 35.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.25%.

The stock’s 5-day moving average is $24.50, reflecting a -10.37% or -$2.69 change from its current price. EH is currently trading -14.11% above its 20-day SMA, +2.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -16.96% and +24.93% respectively.

Stochastic %K and %D was 8.78% and 17.22% and the average true range (ATR) pointed at 1.59. The RSI (14) points at 39.69%, while the 14-day stochastic is at 13.74% with the period’s ATR at 1.68. The stock’s 9-day MACD Oscillator is pointing at -1.64 and -1.60 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for EHang Holdings Limited (NASDAQ: EH), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for EH stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate EH as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is EH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $214.35 and a high of $214.35, with their median price target at $214.35. Looking at these predictions, the average price target given by analysts is for EHang Holdings Limited (EH) stock is $214.35.

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