Qudian Inc. (NYSE:QD) shares, dropped in value on Thursday, Apr 08, with the stock price down by 0% to the previous day’s close as weak demand from buyers trailed the stock to $2.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.24, falling within a range of $2.1700 and $2.2511. The value of beta (5-year monthly) is 1.03 whereas the PE ratio is 4.23 over 12-month period. Referring to stock’s 52-week performance, its high was $3.82, and the low was $1.17. On the whole, QD has fluctuated by 9.27% over the past month.
With the market capitalization of Qudian Inc. currently standing at about $424.23 Million, investors are eagerly awaiting this quarter’s results, scheduled for May 24, 2021- May 28, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.29, which is expected to increase to $0.23 for fiscal year 2021 and then to about $0.52 by fiscal year 2022. Data indicates that the EPS growth is expected to be 1.91% in 2021, while the next year’s EPS growth is forecast to be -0.22%.
Analysts have estimated the company’s revenue for the quarter at $93.82 Million, with a low estimate of $93.82 Million and a high estimate of $93.82 Million. According to the average forecast, sales growth in current quarter could fell down -31.4%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $435.09 Million, representing a decline of -22.8% from the revenues reported in the last year’s results.
We see that QD’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
4 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), no one recommend it as a Buy and no body called the QD stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Underweight.
A comparison of Qudian Inc. (QD) with its peers suggests the former has fared considerably weaker in the market. QD showed an intraday change of 0% in today’s session so far, and over the past year, it grew by +31.76%. In comparison, Capital One Financial Corp (COF) has moved lower at -0.06% today and is up +169.06% over the past 12 months. On the other hand, the price of Discover Financial Services (DFS) has fallen -0.12% today. The stock, however, is off 195.28% from where it was a year ago. Additionally, there is a decline of 0% for Ally Financial (ALLY) in recent trading while the stock has seen an overall apprecation of 31.76% over the past year. The PE ratio stands at 4.23 for Qudian Inc., compared to 25.98 for Capital One Financial Corp, and 27.56 for Discover Financial Services. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
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Data on historical trading for Qudian Inc. (NYSE:QD) indicates that the trading volumes over the past 10 days have averaged 8.24 Million and over the past 3 months, they’ve averaged 8.75 Million. According to company’s latest data on outstanding shares, there are 253.73 Million shares outstanding.
Nearly 8.84% of Qudian Inc.’s shares belong to company insiders and institutional investors own 29.42% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 5.61 Million shares as on March 14, 2021, resulting in a short ratio of 0.66. According to the data, the short interest in Qudian Inc. (QD) stood at 2.21% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 6.76 Million. The stock has risen by +62.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QD stock heading into the next quarter.