JD.com Inc. (NASDAQ:JD) price on Friday, March 17, fall -2.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $38.83.
A look at the stock’s price movement, the close in the last trading session was $39.79, moving within a range at $38.57 and $39.67. The beta value (5-Year monthly) was 0.44 while the PE ratio in trailing twelve months stood at 41.62. Turning to its 52-week performance, $68.29 and $33.17 were the 52-week high and 52-week low respectively. Overall, JD moved -25.66% over the past month.
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JD.com Inc.’s market cap currently stands at around $69.24 billion, with investors looking forward to this quarter’s earnings report slated for Aug 11, 2020 – Aug 17, 2020. Analysts project the company’s earnings per share (EPS) to be $0.52, which has seen fiscal year 2022 EPS growth forecast to increase to $2.43 and about $3.02 for fiscal year 2023. Per the data, EPS growth is expected to be 63.10% for 2023 and 24.30% for the next financial year.
Analysts have a consensus estimate of $43.62 billion for the company’s revenue for the quarter, with a low and high estimate of $42.95 billion and $44.02 billion respectively. The average forecast suggests up to a 13.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $154.07 billion, representing a 16.50% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that JD is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.31, with JD’s current price about -14.19% and -28.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.76, while 7-day volatility ratio is 3.33% and 3.52% in the 30-day chart. Further, JD.com Inc. (JD) has a beta value of 0.46, and an average true range (ATR) of 1.97.
In the market, a comparison of JD.com Inc. (JD) and its peers suggest the former has performed considerably weaker. Data shows JD’s intraday price has changed -2.41% in last session and -37.88% over the past year. Comparatively, LightInTheBox Holding Co. Ltd. (LITB) has moved 0.85% on the day and only 13.22% in the past 12 months. Looking at another peer, we see that Alibaba Group Holding Limited (BABA) price has dipped -0.67% on the day. However, the stock is -22.20% off its price a year ago. Moreover, Leju Holdings Limited (LEJU) is also up 1.86% in trading on the day while keeping a a downtrend of -75.64% over the past year. If we look at the PE ratio, we find that JD.com Inc.’s ratio stands at 41.62 compared to LightInTheBox Holding Co. Ltd.’s 1200.10 and Alibaba Group Holding Limited’s 37.19. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.
If we refocus on JD.com Inc. (NASDAQ:JD), historical trading data shows that trading volumes averaged 12.73 million over the past 10 days and 8.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.57 billion shares.
The 6.18% of JD.com Inc.’s shares are in the hands of company insiders while institutional holders own 16.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.2 million on Jan 12, 2023, giving us a short ratio of 1.73. The data shows that as of Jan 12, 2023 short interest in JD.com Inc. (JD) stood at 0.84% of shares outstanding, with shares short falling to 17.58 million registered in Dec 14, 2022. Current price change has pushed the stock -30.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JD stock continues to rise going into the next quarter.