EHang Holdings Ltd ADR (EH)’s Market Momentum: Closing Strong at 14.97, Up 0.13

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As of close of business last night, EHang Holdings Ltd ADR’s stock clocked out at $14.97, up 0.13% from its previous closing price of $14.95. In other words, the price has increased by $0.13 from its previous closing price. On the day, 1.06 million shares were traded. EH stock price reached its highest trading level at $15.2 during the session, while it also had its lowest trading level at $14.87.

Ratios:

To gain a deeper understanding of EH’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.25 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.17.

On August 28, 2024, UBS started tracking the stock assigning a Buy rating and target price of $22.

On May 06, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $27.50.Morgan Stanley initiated its Overweight rating on May 06, 2024, with a $27.50 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EH now has a Market Capitalization of 951428864 and an Enterprise Value of 1527066368. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.63 while its Price-to-Book (P/B) ratio in mrq is 6.20. Its current Enterprise Value per Revenue stands at 6.134 whereas that against EBITDA is -5.592.

Stock Price History:

The Beta on a monthly basis for EH is 0.95, which has changed by 0.17439115 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, EH has reached a high of $22.98, while it has fallen to a 52-week low of $9.51. The 50-Day Moving Average of the stock is -3.48%, while the 200-Day Moving Average is calculated to be -2.35%.

Shares Statistics:

It appears that EH traded 1.83M shares on average per day over the past three months and 1725590 shares per day over the past ten days. A total of 44.04M shares are outstanding, with a floating share count of 43.36M. Insiders hold about 1.54% of the company’s shares, while institutions hold 29.18% stake in the company. Shares short for EH as of 1730332800 were 5853009 with a Short Ratio of 3.31, compared to 1727654400 on 6427439. Therefore, it implies a Short% of Shares Outstanding of 5853009 and a Short% of Float of 13.420000000000002.

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