Qudian Inc. (NYSE:QD) concluded the trading on Wednesday, Sep 16, with a fall of -7.64% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.57 and 5Y monthly beta was reading 0 with its price kept floating in the range of $1.4400 and $1.6200 on the day. Company’s P/E ratio for the trailing 12 months is 4.04. Considering stock’s 52-week price range provides that QD hit a high price of $7.89 and saw its price falling to a low level of $1.21 during that period. Over a period of past 1-month, stock came losing -15.2% in its value.
With its current market valuation of $328.11 Million, Qudian Inc. is set to declare its quarterly results on September 07, 2020. QD Stock’s Forward Dividend of 0 and its yield of 0 are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.08 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to -$0.03 for 2020 with estimates of that growing to $0.63 in next year. These estimates are suggesting current year growth of -1.02% for EPS and -22% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $159.43 Million. They suggested that in the process company could generate revenue of as low as $159.43 Million which could climb up to $159.43 Million to hit a high. The average estimate is representing an increase of -56.9% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $544.37 Million in 2020, which will be -56.9% less from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review QD stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 5 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 4 of them are recommending Qudian Inc. (QD) as a Hold, while none are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas 1 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.
In comparing Qudian Inc. (QD)’s stock with other industry players reveals that stock’s latest price change of -7.64% and that of -79.69% over the past 12 months is in competing position with that of Capital One Financial Corp (COF) which saw its stock price raised by 3.92% in the recent trading and went through a decline of -18.82% in past 12-month trading. Industry’s another major player Discover Financial Services (DFS) has jumped 3.8% up in latest trading session, but over the past year has faced a fall of -29.42%, while Ally Financial (ALLY) is also down -7.64% however its price remained floating in the red at -79.69% over the same period. Qudian Inc. has a P/E ratio of 4.04 against that of Capital One Financial Corp’s 0 while Discover Financial Services is showing 18.68 for the same. On the other hand, the S&P 500 Index was down -0.46% in the early deals while the Dow Jones Industrial was dealing higher at 0.13%.
Having a second look at Qudian Inc. (NYSE:QD) provides that stock’s average daily trading volume for 3 months was 4.84 Million, while it dropped to 3.6 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 279.2 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 20.41% while it is 51.91% for the institutional holders. The figures also indicate that as of August 30, 2020, number of stock’s short shares was 14430000 which implies a short ratio of 5.01. This shows up a 5.3% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short declined as it was 14.81 Million in the previous month. Drop of -69.21% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.