This trade activity should not be overlooked: Noah Holdings Limited (NOAH)

Noah Holdings Limited (NYSE: NOAH) stock jumped 11.60% on Wednesday to $13.85 against a previous-day closing price of $12.41. With 0.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.15 million shares. The 52-week range on NOAH shows that it touched its highest point at $45.07 and its lowest point at $11.78 during that stretch. It currently has a 1-year price target of $27.82. Beta for the stock currently stands at 1.07.

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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 NOAH was down-trending over the past week, with a drop of -15.03%, but this was up by 10.18% over a month. Three-month performance dropped to -25.94% while six-month performance fell -15.60%. The stock lost -68.57% in the past year, while it has lost -54.87% so far this year. A look at the trailing 12-month EPS for NOAH yields 2.50 with Next year EPS estimates of 3.34. For the next quarter, that number is 0.74. This implies an EPS growth rate of 261.90% for this year and 12.80% for next year.


Float and Shares Shorts:

At present, 67.25 million NOAH shares are outstanding with a float of 47.44 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.77 million, which was 1.28% higher than short shares on Sep 14, 2022. In addition to Ms. Jingbo Wang as the firm’s Co-Founder, Chairwoman & CEO, Mr. Boquan He serves as its Co-Founder & Independent Director.

Institutional Ownership:

Through their ownership of 44.78% of NOAH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 25.33% of NOAH, in contrast to 13.88% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NOAH with 10.45% of the stake, Yiheng Capital Management LP holds 6,719,722 shares worth 6,719,722. A second-largest stockholder of NOAH, FIL Investment Advisors, holds 3,625,920 shares, controlling over 5.64% of the firm’s shares. Tiger Pacific Capital LP is the third largest shareholder in NOAH, holding 3,119,611 shares or 4.85% stake. With a 2.56% stake in NOAH, the Fidelity China Special Situations is the largest stakeholder. A total of 1,648,590 shares are owned by the mutual fund manager. The Fidelity Funds SICAV – Emerging M, which owns about 1.17% of NOAH stock, is the second-largest Mutual Fund holder. It holds 753,873 shares valued at 9.89 million. Fidelity Funds SICAV – Pacific Fu holds 0.74% of the stake in NOAH, owning 473,942 shares worth 6.22 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOAH since 11 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 3 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 NOAH analysts setting a high price target of $223.14 and a low target of $107.00, the average target price over the next 12 months is $164.75. Based on these targets, NOAH could surge 1511.12% to reach the target high and rise by 672.56% to reach the target low. Reaching the average price target will result in a growth of 1089.53% 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. NOAH will report FY 2022 earnings on 03/13/2023. Analysts have provided yearly estimates in a range of $21.00 being high and $14.52 being low. For NOAH, this leads to a yearly average estimate of $17.47. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Noah Holdings Limited surprised analysts by -$0.35 when it reported $0.39 EPS against a consensus estimate of $0.74. Based on analyst estimates, the high estimate for the next quarter is $5.27 and the low estimate is $5.27. The average estimate for the next quarter is thus $5.27.

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