The stock of EHang Holdings Limited (NASDAQ:EH) increased by $0.69 on Tuesday to at $18.56, up 3.88 percent. The last five days have seen an average of 424,790 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $10.06. The average number of shares traded over the last 20 days was 691,367, while the average volume over the last 50 days totaled 1,044,025.
EH stock dropped -18.08% since last month. On 08/18/23, the company’s shares reached a one-month low of $16.50. The stock touched a high of $23.24 on 08/10/23, after rallying from a low of $3.32 in 52 weeks. The price of EH stock has risen by 116.35% or $10.06 this year, reaching a new high 13 times. Still, the stock price is down -20.12% from the 52-week high.
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Valuation Metrics
Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 132.69, the price-to-book (PB) ratio of 88.40.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 65.50% percent. Based on annual data, it had gross profit of $4.24 million and revenue of $6.42 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -122.10% return on investment (ROI) in the past year.
Earnings Surprise
According to EHang Holdings Limited’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.43 million, while revenues fell by -38.57% to $0.0. It was predicted that EHang Holdings Limited’s quarterly earnings would be -$0.08, but it ended up being -$0.13, beating the consensus by 38.50%. EBITDA was -$10.39 million for the quarter. At the end of EHang Holdings Limited’s most recent quarter ended March 30, its liabilities totaled 47.58 million, while its total debt was $141.41 million.
Technical Picture
Here’s a quick look at EHang Holdings Limited’s (EH) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 49.21%, suggesting the stock is Neutral, with a 91.73% historical volatility rate.
The stochastic %K and %D were 22.65% and 18.88% respectively, while the average true range (ATR) was 1.41. Based on the 14-day stochastic reading of 31.75%, the RSI (14) reading is 49.67%. On the 9-day MACD Oscillator, the stock is at 0.15, and the 14-day reading is at -0.90.
Analyst Ratings
In its analyst report released on October 27, 2022, Goldman began covering EHang Holdings Limited (NASDAQ: EH). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned EHang Holdings Limited (EH) an Hold rating. EH is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is EH’s price target for the next 12 months?
The current consensus forecast for the stock is between $171.77 and $171.77, with a median target price of $171.77. In analyzing these forecasts, the average price target given by analysts for EHang Holdings Limited (EH) is $171.77.
