Noah Holdings Ltd ADR (NOAH) stock forecast: Can it reach its 52-week high of $14.07

A share price of Noah Holdings Ltd ADR [NOAH] is currently trading at $14.33, up 8.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOAH shares have gain 16.22% over the last week, with a monthly amount glided 69.19%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Noah Holdings Ltd ADR [NYSE: NOAH] stock has seen the most recent analyst activity on May 30, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $13 from $18. Previously, UBS upgraded its rating to Buy on November 13, 2023, and elevated its price target to $18. On August 29, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $18 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $1524 on November 23, 2022. JP Morgan upgraded its rating to a Overweight and raised its price target to $22 on June 22, 2022. JP Morgan downgraded its rating to Neutral for this stock on November 24, 2021, but kept the price target unchanged to $50. In a note dated April 26, 2021, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $53.

Noah Holdings Ltd ADR experienced fluctuations in its stock price throughout the past year between $7.14 and $14.07. Currently, Wall Street analysts expect the stock to reach $22.75 within the next 12 months. Noah Holdings Ltd ADR [NYSE: NOAH] shares were valued at $14.33 at the most recent close of the market. An investor can expect a potential return of 58.76% based on the average NOAH price forecast.

Analyzing the NOAH fundamentals

Trailing Twelve Months sales for Noah Holdings Ltd ADR [NYSE:NOAH] were 390.80M which represents -36.13% decline. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

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 13.68 points at the first support level, and at 13.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.94, and for the 2nd resistance point, it is at 15.55.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 0.07 and price to earnings (TTM) ratio is 2.62.

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