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.
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.
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.
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.