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.
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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 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.
Institutional Ownership:
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.
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 $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.
