Quhuo Limited (NASDAQ: QH) stock fell -6.45% on Wednesday to $1.45 against a previous-day closing price of $1.55. With 0.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.42 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.5300 whereas the lowest price it dropped to was $1.3501. The 52-week range on QH shows that it touched its highest point at $19.10 and its lowest point at $1.19 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QH was down-trending over the past week, with a drop of -9.38%, but this was up by 14.17% over a month. Three-month performance dropped to -65.35% while six-month performance fell -57.25%. The stock lost -91.67% in the past year, while it has lost -86.94% so far this year.
Float and Shares Shorts:
At present, 5.27 million QH shares are outstanding with a float of 3.50 million shares on hand for trading. On Oct 13, 2022, short shares totaled 26580.0, which was 0.43% higher than short shares on Sep 14, 2022. In addition to Mr. Leslie Yu as the firm’s Chairman of Directors & CEO, Mr. Zhen Ba serves as its Co-Founder, CFO, VP & Director.
Through their ownership of 0.08% of QH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.08% of QH, in contrast to 0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in QH with 0.09% of the stake, UBS Securities LLC holds 4,846 shares worth 4,846. A second-largest stockholder of QH, Morgan Stanley & Co. LLC, holds 1 shares, controlling over 0.00% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in QH, holding 0 shares or 0.00% stake. With a 0.01% stake in QH, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 348 shares are owned by the mutual fund manager.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QH since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With QH analysts setting a high price target of $191.04 and a low target of $191.04, the average target price over the next 12 months is $191.04. Based on these targets, QH could surge 13075.17% to reach the target high and rise by 13075.17% to reach the target low. Reaching the average price target will result in a growth of 13075.17% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. QH will report FY 2021 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$20.10 being high and -$20.10 being low. For QH, this leads to a yearly average estimate of -$20.10. Based on analyst estimates, the high estimate for the next quarter is -$1.40 and the low estimate is -$1.40. The average estimate for the next quarter is thus -$1.40.