EHang Holdings Limited (EH) can make a big difference with a little luck

EHang Holdings Limited (NASDAQ: EH) stock fell -5.60% on Wednesday to $10.61 against a previous-day closing price of $11.24. With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.6 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $11.15 whereas the lowest price it dropped to was $10.38. The 52-week range on EH shows that it touched its highest point at $17.84 and its lowest point at $3.32 during that stretch. It currently has a 1-year price target of $4.56. Beta for the stock currently stands at 0.56.

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 -7.82%, but this was up by 3.61% over a month. Three-month performance dropped to -1.76% while six-month performance rose 122.43%. The stock gained 34.47% in the past year, while it has gained 23.66% so far this year. A look at the trailing 12-month EPS for EH yields -0.81 with Next year EPS estimates of -0.48. For the next quarter, that number is -0.13. This implies an EPS growth rate of -3.00% for this year and 14.30% for next year.

Float and Shares Shorts:

At present, 57.63 million EH shares are outstanding with a float of 40.54 million shares on hand for trading. On May 14, 2023, short shares totaled 8.43 million, which was 13.96% higher than short shares on Apr 13, 2023. 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 18.87% of EH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.57% of EH, in contrast to 14.65% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EH with 8.17% of the stake, Axim Wealth Management LLC holds 3,044,629 shares worth 3,044,629. A second-largest stockholder of EH, The Vanguard Group, Inc., holds 1,061,537 shares, controlling over 2.85% of the firm’s shares. Carmignac Gestion SA is the third largest shareholder in EH, holding 915,318 shares or 2.46% stake. With a 1.26% stake in EH, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 468,060 shares are owned by the mutual fund manager. The SPDR S&P Kensho New Economies Com, which owns about 1.25% of EH stock, is the second-largest Mutual Fund holder. It holds 467,193 shares valued at 5.19 million. Vanguard Total International Stoc holds 1.22% of the stake in EH, owning 455,762 shares worth 5.06 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, EH reported revenue of $14.62M and operating income of -$74.30M. The EBITDA in the recently reported quarter was -$72.44M and diluted EPS was -$1.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EH since 0 analysts follow the stock currently. 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 $31.42 and a low target of $31.42, the average target price over the next 12 months is $31.42. Based on these targets, EH could surge 196.14% to reach the target high and rise by 196.14% to reach the target low. Reaching the average price target will result in a growth of 196.14% 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.