Chindata Group Holdings Limited (NASDAQ:CD) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -2.64% to the previous day’s close as weak demand from buyers trailed the stock to $15.87.
Actively observing the price movement in the last trading, the stock closed the session at $16.3, falling within a range of $15.65 and $16.50. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $27.47, and the low was $13.12. On the whole, CD has fluctuated by -6.48% over the past month.
With the market capitalization of Chindata Group Holdings Limited currently standing at about $5.7 Billion. 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 $0.03, which is expected to decline to $0.09 for fiscal year 2021 and then to about $0.08 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.89% in 2021, while the next year’s EPS growth is forecast to be 7%.
8 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 1 analyst(s), 6 recommend it as a Buy and 1 called the CD stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none 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 Buy.
A comparison of Chindata Group Holdings Limited (CD) with its peers suggests the former has fared considerably weaker in the market. CD showed an intraday change of -2.64% in last session, and over the past year, it dropped by 0%. In comparison, Spotify Technology S.A. (SPOT) has moved lower at -0.78% on the day and was up +128.66% over the past 12 months. On the other hand, the price of Rocket Companies Inc Cl A (RKT) has fallen -0.31% on the day. The stock, however, is off 0% from where it was a year ago. Additionally, there is a decline of -264% for Thomson Reuters Corp (TRI) in last trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 0 for Chindata Group Holdings Limited, compared to 0 for Spotify Technology S.A., and 15.02 for Rocket Companies Inc Cl A. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
Data on historical trading for Chindata Group Holdings Limited (NASDAQ:CD) indicates that the trading volumes over the past 10 days have averaged 1.93 Million and over the past 3 months, they’ve averaged 979.21 Million. According to company’s latest data on outstanding shares, there are 359.23 Million shares outstanding.
Nearly 0% of Chindata Group Holdings Limited’s shares belong to company insiders and institutional investors own 28% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 3.94 Million shares as on March 14, 2021, resulting in a short ratio of 4.51. According to the data, the short interest in Chindata Group Holdings Limited (CD) stood at 1.1% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 2.77 Million. The stock has fallen by -33.76% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the CD stock heading into the next quarter.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.