EHang Holdings Ltd ADR [EH] stock prices are up 11.83% to $12.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EH shares have gain 17.82% over the last week, with a monthly amount glided 20.83%, and seem to be holding up well over a long-time horizon.
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On 8, March 2024, EHang to Report Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results on Friday, March 15, 2024. In a post published today on Yahoo Finance, EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 on Friday, March 15, 2024, before the U.S. market opens.
From an analyst’s perspective:
EHang Holdings Ltd ADR [NASDAQ: EH] stock has seen the most recent analyst activity on October 16, 2023, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $30.50 for it. Previously, Goldman started tracking the stock with Neutral rating on October 27, 2022, and set its price target to $4. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $33 on April 13, 2021. Needham initiated its recommendation with a Buy and recommended $14 as its price target on February 07, 2020.
The stock price of EHang Holdings Ltd ADR [EH] has been fluctuating between $8.63 and $25.78 over the past year. EHang Holdings Ltd ADR [NASDAQ: EH] shares were valued at $12.76 at the most recent close of the market.
Analyzing the EH fundamentals
The EHang Holdings Ltd ADR [NASDAQ:EH] reported sales of 10.82M for trailing twelve months, representing a surge of 228.97%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -4.09%, Pretax Profit Margin comes in at -4.42%, and Net Profit Margin reading is -4.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.59, Equity is -2.58 and Total Capital is -0.83. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.84 points at the first support level, and at 10.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.80, and for the 2nd resistance point, it is at 14.85.
EHang Holdings Ltd ADR [EH] reported earnings per share of -$0.06 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.16/share, meaning a difference of $0.1 and a surprise factor of 62.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$0.08 per share as compared to estimates of -$0.13 per share, a difference of $0.05 representing a surprise of 38.50%.
Ratios To Look Out For
It’s worth pointing out that EHang Holdings Ltd ADR [NASDAQ:EH]’s Current Ratio is 2.15. On the other hand, the Quick Ratio is 1.82, and the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 48.21, the price to book ratio is 15.83.
