The time has not yet come to remove your chips from the table: EHang Holdings Limited (EH)

EHang Holdings Limited (NASDAQ: EH) stock jumped 7.48% on Monday to $11.93 against a previous-day closing price of $11.10. With 2.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.96 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $12.15 whereas the lowest price it dropped to was $10.72. The 52-week range on EH shows that it touched its highest point at $18.18 and its lowest point at $3.32 during that stretch. It currently has a 1-year price target of $4.00.

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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 EH was down-trending over the past week, with a drop of -29.37%, but this was up by 62.76% over a month. Three-month performance surged to 217.29% while six-month performance rose 63.87%. The stock lost -33.65% in the past year, while it has gained 39.04% so far this year. A look at the trailing 12-month EPS for EH yields -0.82 with Next year EPS estimates of -0.38. For the next quarter, that number is -0.08. This implies an EPS growth rate of -247.50% for this year and 41.50% for next year.

Float and Shares Shorts:

At present, 57.37 million EH shares are outstanding with a float of 36.94 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.8 million, which was 11.85% higher than short shares on Sep 14, 2022. In addition to Mr. Huazhi Hu as the firm’s Founder, Chairman & CEO, Mr. Jian Liu serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 25.20% of EH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 10.90% of EH, in contrast to 10.78% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EH with 6.40% of the stake, Axim Wealth Management LLC holds 2,383,742 shares worth 2,383,742. A second-largest stockholder of EH, Carmignac Gestion SA, holds 1,216,194 shares, controlling over 3.26% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in EH, holding 1,079,225 shares or 2.90% stake. With a 3.40% stake in EH, the Carmignac Emergents is the largest stakeholder. A total of 1,266,196 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 1.26% of EH stock, is the second-largest Mutual Fund holder. It holds 468,060 shares valued at 4.02 million. Carmignac Portfolio – Emergents holds 1.20% of the stake in EH, owning 448,299 shares worth 3.85 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EH since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 EH analysts setting a high price target of $28.15 and a low target of $28.15, the average target price over the next 12 months is $28.15. Based on these targets, EH could surge 135.96% to reach the target high and rise by 135.96% to reach the target low. Reaching the average price target will result in a growth of 135.96% 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. EH will report FY 2022 earnings on 03/26/2024. Analysts have provided yearly estimates in a range of -$4.36 being high and -$4.36 being low. For EH, this leads to a yearly average estimate of -$4.36. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. EHang Holdings Limited surprised analysts by -$0.01 when it reported -$0.09 EPS against a consensus estimate of -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.54 and the low estimate is -$0.54. The average estimate for the next quarter is thus -$0.54.

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