It’s still a bull thesis, just subverted: EHang Holdings Ltd ADR (EH)

EHang Holdings Ltd ADR [EH] stock is trading at $12.45, down -2.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The EH shares have gain 7.42% over the last week, with a monthly amount drifted -21.10%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

EHang Holdings Ltd ADR [NASDAQ: EH] stock has seen the most recent analyst activity on May 06, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $27.50. Previously, Goldman upgraded its rating to Buy on October 16, 2023, and kept the price target unchanged to $30.50. On October 27, 2022, Goldman initiated with a Neutral rating and assigned a price target of $4 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight but $33 remained the price target by the analyst firm on April 13, 2021. Needham started tracking with a Buy rating for this stock on February 07, 2020, and assigned it a price target of $14.

EHang Holdings Ltd ADR [EH] stock has fluctuated between $9.51 and $25.78 over the past year. Currently, Wall Street analysts expect the stock to reach $21.75 within the next 12 months. EHang Holdings Ltd ADR [NASDAQ: EH] shares were valued at $12.45 at the most recent close of the market. An investor can expect a potential return of 74.7% based on the average EH price forecast.

Analyzing the EH fundamentals

EHang Holdings Ltd ADR [NASDAQ:EH] reported sales of 21.79M for the trailing twelve months, which represents a growth of 164.65%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -1.82%, Pretax Profit Margin comes in at -1.76%, and Net Profit Margin reading is -1.77%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -1.46 and Total Capital is -0.77. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.75.

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 12.22 points at the first support level, and at 12.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.70, and for the 2nd resistance point, it is at 12.96.

Ratios To Look Out For

For context, EHang Holdings Ltd ADR’s Current Ratio is 1.97. On the other hand, the Quick Ratio is 1.69, and the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 25.13, the price to book ratio is 26.83.

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