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Chindata Group Holdings Limited’s Stock Price Plummeted Recently, But There Might Be Trouble Ahead

Chindata Group Holdings Limited (NASDAQ:CD) traded at $8.66 at close of the session on Tuesday, 09/20/22, made an upward move of 1.41% on its previous day’s price.

Looking at the stock we see that its previous close was $8.54 with the day’s price range being $8.48 – $9.04. The company has a trailing 12-month PE ratio of 45.82. In terms of its 52-week price range, CD has a high of $10.69 and a low of $3.75. The company’s stock has gained about 15.16% over that past 30 days.

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Chindata Group Holdings Limited has a market cap of $3.32 billion and is expected to release its quarterly earnings report on Mar 22, 2022 – Mar 28, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0.03, with the EPS growth for the year raised at $0.18 for 2022 and $0.27 for next year. These figures represent 38.50% and 50.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $148.53 million, with a low of $148.53 million and a high of $148.53 million. The median projection represents growth squeezing down to 43.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $618.97 million, or 44.70% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Chindata Group Holdings Limited (CD) stock as a Hold, while 9 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 4.03% off its SMA20 and 14.00% from its 50-day simple moving average. The RSI (14) is pointing at 60.66 while the volatility over the past week is 5.01% and jumps to 6.22% over the past one month. The average price target for the stock over the next 12 months is $75.50, with the estimates having a low of $63.71 and a high of $97.15. These price ends are -635.68% and -1021.82% off the current price level respectively, although investors could be excited at the prospect of a -725.64% if the CD share price touches on the median price of $71.50.

Let’s briefly compare Chindata Group Holdings Limited (CD) stock to its peers. We find that current price change of 1.41% and -9.60% over the past 12 months for CD competes that of Microsoft Corporation (MSFT), which has seen its stock price fall -0.85% in the last trading session and was -17.62% over the last one year. Another of its peers Amazon.com Inc. (AMZN) has dropped -1.98% previous session, and was -27.18% down over the past year, while Verizon Communications Inc. (VZ) was also down -1.58% in the last session, while its price remained in the red at -25.19% over the same period. Chindata Group Holdings Limited has a P/E ratio of 45.82 compared to Microsoft Corporation’s 25.14 and Amazon.com Inc.’s 109.88. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to Chindata Group Holdings Limited (NASDAQ:CD), we note that the average 3-month trading volume was 2.26 million, while that of the preceding 10-day period stands at 3.43 million. Current shares outstanding are 369.56 million.

The insiders hold 0.64% of the company’s shares while institutions hold 45.40%. The data shows that short shares as of Jul 14, 2022, stood at 4.28 million at a short ratio of 1.71. This represents a 1.17% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 3.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 31.41% up in year-to-date price movement.

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