Can Buying EHang Holdings Ltd ADR (NASDAQ: EH) Still Be Worthwhile?

EHang Holdings Ltd ADR (NASDAQ:EH) does about 1.73M shares in volume on a normal day but saw 661776 shares change hands in Friday’s trading. The company now has a market cap of 701.20M USD. Its current market price is $15.94, marking a decrease of -0.87% compared to the previous close of $16.08. The 52 week high reached by this stock is $25.78 whilst the lowest price level in 52 weeks is $9.51.

EHang Holdings Ltd ADR (EH) has a 20-day trading average at $16.93 and the current price is -38.17% off the 52-week high compared with 67.61% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.72 and its 200-day simple moving average is $15.81. If we look at the stock’s price movements over the week, volatility stands at 3.12%, which increases to 5.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.34 to suggest the stock is neutral.

The consensus objective for the share price is $26.91, suggesting that the stock has a potential upside of 40.77% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 06, 2024 when Morgan Stanley initiated the stock to “Overweight” and issued a price target of $27.50. Goldman upgraded the stock to “Buy” from Neutral on October 16, 2023 at a price target of $30.50. Goldman initiated its price target at $4.

EHang Holdings Ltd ADR (EH) stock is down -6.07% over the week and -10.10% over the past month. Its price is -5.12% year-to-date and 49.11% over the past year.

To reach the target analysts have set, the stock logically needs to grow 40.77 percent from here.

The company has a return on investment of -87.12% and return on equity of -197.52%. The forward price to earnings ratio is 389.92. The beta has a value of 1.06. Price to book ratio is 34.35 and price to sales ratio is 32.18.