EHang Holdings Limited (NASDAQ:EH) finished Wednesday with an addition of $1.35 to close at $22.72, an upside of 6.32 percent. An average of 626,405 shares of common stock have been traded in the last five days. There was a gain of $0.91 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,012,311 shares traded, while the 50-day average volume stands at 1,151,042.
EH stock has increased by 23.01% in the last month. The company shares reached their 1-month lowest point of $15.03 on 07/11/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $3.32 and a high of $23.20 in 52 weeks. It has reached a new high 13 times so far this year and achieved 164.80% or $14.03 in price. In spite of this, the price is down -2.07% from the 52-week high.
Valuation Metrics
EHang Holdings Limited (EH) stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 168.23, the price-to-book (PB) ratio at 142.00.
Financial Health
The quick ratio of EHang Holdings Limited for the three months ended March 30 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 2.14 for the quarter ending March 30. EHang Holdings Limited’s EBITDA margin for the year ending March 30 is -652.46%. Its gross profit as reported stood at $4.24 million compared to revenue of $6.42 million.
Earnings Surprise
For the three-month period that ended March 30, EHang Holdings Limited had $0.56 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$47.59 million in the quarter, while revenues were shrunk -3.53%. The analyst consensus anticipated EHang Holdings Limited’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.08, a 38.50% surprise. For the quarter, EBITDA amounted to -$11.03 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at EHang Holdings Limited (EH) price momentum. RSI 9-day as of the close on 09 August was 67.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.52%.
As of today, EH’s price is $21.26 +4.19% or $0.91 from its 5-day moving average. EH is currently trading +16.43% higher than its 20-day SMA and +154.62% higher than its 100-day SMA. However, the stock’s current price level is +110.13% above the SMA50 and +479.74% above the SMA200.
The stochastic %K and %D were 78.80% and 70.14%, respectively, and the average true range (ATR) was 1.63. With the 14-day stochastic at 90.86% and the average true range at 1.55, the RSI (14) stands at 66.00%. The stock has reached 0.18 on the 9-day MACD Oscillator while the 14-day reading was at 1.13.
Analyst Ratings
Goldman launched coverage on EHang Holdings Limited (NASDAQ: EH) in its analyst report released on October 27, 2022. The firm assigned the stock a Neutral rating.
