The trading price of Qudian Inc. (NYSE:QD) closed lower on Monday, Feb 22, closing at $3.12, -11.22% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.6950 and $3.1300. The company’s P/E ratio in the trailing 12-month period was 12.88, while its 5Y monthly beta was 1.21. In examining the 52-week price action we see that the stock hit a 52-week high of $3.82 and a 52-week low of $1.17. Over the past month, the stock has gained 25.34% in value.
Qudian Inc., whose market valuation is $518.49 Million at the time of this writing, is expected to release its quarterly earnings report in Apr 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.4 per share this quarter, however they have predicted annual earnings per share of -$0.04 for 2021 and $0.52 for 2022. It means analysts are expecting annual earnings per share growth of -1.03% this year and -14% next year.
Analysts have forecast the company to bring in revenue of $97.66 Million for the quarter, with the likely lows of $80.86 Million and highs of $114.46 Million. The average estimate suggests sales will likely down by -64.6% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $633.5 Million. The company’s revenue is forecast to drop by -49.8% over what it did in 2020.
On the technical side, indicators suggest QD has a 75% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned QD a recommendation rating is 5. Out of them, 4 rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Qudian Inc. (QD) as Underperform, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how Qudian Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: QD stock’s performance was -11.22% in the latest trading, and +1.47% in the past year, while Capital One Financial Corp (COF) has traded +2.53% on the day and positioned +21.19% higher than it was a year ago. Another comparable company Discover Financial Services (DFS) saw its stock close 1.57% higher in the most recent trading session but was up +26.65% in a year. Furthermore, Ally Financial (ALLY) showed a decline of -11.22% on the day while its price kept rising at 1.47% over the past year. Qudian Inc. has a P/E ratio of 12.88, compared to Capital One Financial Corp’s 23.72 and Discover Financial Services’s 26.61. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
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An evaluation of the daily trading volume of Qudian Inc. (NYSE:QD) indicates that the 3-month average is 6.68 Million. However, this figure has increased over the past 10 days to an average of 9.5 Million.
Currently, records show that 253.73 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 32.06%. The stats also highlight that short interest as of January 28, 2021, stood at 6.76 Million shares, resulting in a short ratio of 0.87 at that time. From this, we can conclude that short interest is 2.67% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 10.15 Million. However, since the stock’s price has seen +100.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.