With 67800.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.16 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $10.76 whereas the lowest price it dropped to was $10.56. The 52-week range on NOAH shows that it touched its highest point at $14.90 and its lowest point at $7.14 during that stretch. It currently has a 1-year price target of $13.04. With its current market cap of 712.17 million, NOAH has annualized dividend of $1.06 while the current yield stands at 9.84%. Beta for the stock currently stands at 0.79.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOAH was down-trending over the past week, with a drop of -8.28%, but this was down by -14.69% over a month. Three-month performance dropped to -19.25% while six-month performance rose 36.82%. The stock lost -4.79% in the past year, while it has lost -8.28% so far this year. A look at the trailing 12-month EPS for NOAH yields 5.28 with Next year EPS estimates of 1.44.
Float and Shares Shorts:
At present, 65.82 million NOAH shares are outstanding with a float of 63.01 million shares on hand for trading. On 2024-11-15, short shares totaled 0.93 million, which was 140.99999 higher than short shares on 1728950400. In addition to Ms. Jingbo Wang as the firm’s Co-Founder & Chairwoman, Mr. Zhe Yin serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 0.40932 of NOAH’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NOAH reported revenue of $683686000.0 and operating income of $240814000.0. The EBITDA in the recently reported quarter was $224480000.0 and diluted EPS was $9.55.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOAH since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NOAH analysts setting a high price target of 108.687 and a low target of 76.081, the average target price over the next 12 months is 96.8052. Based on these targets, NOAH could surge 911.98% to reach the target high and rise by 608.39% to reach the target low. Reaching the average price target will result in a growth of 801.35% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $8.95391 being high and $7.82586 being low. For NOAH, this leads to a yearly average estimate of $8.46412.
