Autohome Inc ADR [ATHM] stock prices are up 2.88% to $27.13 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ATHM shares have gain 5.89% over the last week, with a monthly amount glided 5.85%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Autohome Inc. Announces 2023 Q4 and Annual Earnings: New Business Drives Sustained Growth. In a post published today on Yahoo Finance, Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its fourth quarter and annual financial results for 2023. Over the past year, Autohome delivered solid operational and financial results with overall growth driven primarily by new businesses. According to the announcement, the Company’s total net revenues in the fourth quarter were RMB1.91 billion. The total net revenues for the year increased by 3.5% year-over-year to RMB7.18 billion, of which the online marketplace and others business accounted for 30.6% of total revenue. The adjusted net income for the year was RMB2.16 billion with an adjusted net margin of 30.1%. In addition, Autohome remains committed to delivering returns to its investors as thanks for their long-term support; as of December 31, 2023, it has completed a US$200 million share repurchase program, repurchasing approximately 6.73 million American depositary shares (“ADSs”).
From an analyst’s perspective:
Previously, BofA Securities upgraded its rating to Neutral on August 04, 2022, and elevated its price target to $42. On July 26, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $42.50 on the stock. Daiwa Securities started tracking the stock assigning a Buy rating. Citigroup upgraded its rating to a Buy but $30 remained the price target by the analyst firm on April 28, 2022. The Benchmark Company upgraded its rating to Buy for this stock on February 28, 2022, but kept the price target unchanged to $44. In a note dated December 02, 2021, UBS initiated an Neutral rating and provided a target price of $38 on this stock.
The stock price of Autohome Inc ADR [ATHM] has been fluctuating between $23.81 and $34.10 over the past year. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Autohome Inc ADR [NYSE: ATHM] shares were valued at $27.13 at the most recent close of the market. An investor can expect a potential return of 158.02% based on the average ATHM price forecast.
Analyzing the ATHM fundamentals
The Autohome Inc ADR [NYSE:ATHM] reported sales of 1.01B for trailing twelve months, representing a drop of -0.61%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.04.
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 26.76 points at the first support level, and at 26.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.45, and for the 2nd resistance point, it is at 27.77.
Autohome Inc ADR [ATHM] reported earnings per share of $0.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.56/share, meaning a difference of $0.03 and a surprise factor of 5.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.69 per share as compared to estimates of $0.61 per share, a difference of $0.08 representing a surprise of 13.10%.
Ratios To Look Out For
It’s worth pointing out that Autohome Inc ADR [NYSE:ATHM]’s Current Ratio is 5.03. In addition, the Quick Ratio stands at 6.31 and the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 3.30, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 12.58.
