EHang Holdings Ltd ADR (NASDAQ: EH) stock jumped 3.96% on Friday to $14.95 against a previous-day closing price of $14.38. With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $15.00 whereas the lowest price it dropped to was $14.03. The 52-week range on EH shows that it touched its highest point at $25.78 and its lowest point at $4.16 during that stretch. It currently has a 1-year price target of $30.51. Beta for the stock currently stands at 0.89.
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 up-trending over the past week, with a rise of 15.09%, but this was down by -18.62% over a month. Three-month performance dropped to -27.00% while six-month performance rose 32.77%. The stock gained 289.32% in the past year, while it has gained 74.24% so far this year. A look at the trailing 12-month EPS for EH yields -0.85 with Next year EPS estimates of -0.11. For the next quarter, that number is -0.15. This implies an EPS growth rate of -56.38% for this year and 82.96% for next year.
Float and Shares Shorts:
At present, 40.88 million EH shares are outstanding with a float of 40.25 million shares on hand for trading. On Oct 12, 2023, short shares totaled 8.79 million, which was 14.55% higher than short shares on Sep 14, 2023. In addition to Mr. Huazhi Hu as the firm’s Founder, Chairman & CEO, Mr. Chia-Hung Yang serves as its CFO & Director.
Through their ownership of 19.39% of EH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 13.86% of EH, in contrast to 10.01% held by mutual funds. As the largest shareholder in EH with 9.17% of the stake, Axim Wealth Management LLC holds 3,746,916 shares worth 3,746,916. A second-largest stockholder of EH, The Vanguard Group, Inc., holds 1,265,482 shares, controlling over 3.10% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in EH, holding 1,105,330 shares or 2.70% stake. With a 2.37% stake in EH, the SPDR S&P Kensho New Economies Com is the largest stakeholder. A total of 966,661 shares are owned by the mutual fund manager. The Carmignac Emergents, which owns about 1.92% of EH stock, is the second-largest Mutual Fund holder. It holds 785,041 shares valued at 10.89 million. Vanguard Emerging Markets Stock I holds 1.33% of the stake in EH, owning 543,305 shares worth 7.54 million.
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 $222.79 and a low target of $222.79, the average target price over the next 12 months is $222.79. Based on these targets, EH could surge 1390.23% to reach the target high and rise by 1390.23% to reach the target low. Reaching the average price target will result in a growth of 1390.23% from current levels.