As this happened, China Renaissance initiated its EHang Holdings Ltd ADR [EH] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Morgan Stanley began covering EH with “an Overweight” recommendation on May 06, 2024. Goldman revised its rating on October 16, 2023. It rated EH as “a Buy” which previously was an “a Neutral”.
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Price Performance Review of EH
On Tuesday, EHang Holdings Ltd ADR [NASDAQ:EH] saw its stock fall -7.07% to $15.77. Over the last five days, the stock has lost -11.00%. EHang Holdings Ltd ADR shares have fallen nearly -6.13% since the year began. Nevertheless, the stocks have fallen -22.32% over the past one year. While a 52-week high of $22.98 was reached on 10/07/24, a 52-week low of $9.51 was recorded on 02/05/24. SMA at 50 days reached $13.70, while 200 days put it at $14.47.
Levels Of Support And Resistance For EH Stock
The 24-hour chart illustrates a support level at 15.34, which if violated will result in even more drops to 14.92. On the upside, there is a resistance level at 16.43. A further resistance level may holdings at 17.09. The Relative Strength Index (RSI) on the 14-day chart is 52.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.38%. Stochastics %K at 38.66% indicates the stock is a holding.
How much short interest is there in EHang Holdings Ltd ADR?
A steep rise in short interest was recorded in EHang Holdings Ltd ADR stocks on 2024-09-30, growing by 1.04 million shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.39 million shares. There was a rise of 16.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 27, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $4 price target.
