The stock of Chindata Group Holdings Limited (NASDAQ:CD) decreased by remained unchanged at $9.64, down -0.52 percent. The last five days have seen an average of 2,611,540 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$14.32. The average number of shares traded over the last 20 days was 2,214,955, while the average volume over the last 50 days totaled 1,931,484.
CD stock dropped -1.83% since last month. On 09/29/21, the company’s shares reached a one-month low of $7.75. The stock touched a high of $27.47 on 02/26/21, after rallying from a low of $7.75 in 52 weeks. The price of CD stock has declined by -59.77% or -$14.32 this year, reaching a new high 3 times. Still, the stock price is down -64.91% from the 52-week high.
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For the three months ended June 29, Chindata Group Holdings Limited’s quick ratio was 4.20, while its current ratio was 4.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.48, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 40.50% percent. Chindata Group Holdings Limited’s EBITDA margin for the year ended June 29 was 24.04%, whereas its operating margin stood at 9.30% for the same period. Based on annual data, it had gross profit of $112.3 million and revenue of $280.62 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CD’s return on assets (ROA) during the last 12 months has been -0.60%. There was a -0.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.20%. ROE has averaged 3.34 in the past year for the broader industry.
According to Chindata Group Holdings Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Chindata Group Holdings Limited’s quarterly earnings would be $0.03, but it ended up being $0.01. EBITDA was $46.61 million for the quarter. At the end of Chindata Group Holdings Limited’s most recent quarter ended June 29, its liabilities totaled 1.16 billion, while its total debt was $5.47 billion.
Here’s a quick look at Chindata Group Holdings Limited’s (CD) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 55.18%, suggesting the stock is Neutral, with a 63.53% historical volatility rate.
The stochastic %K and %D were 68.87% and 75.66% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 62.33%, the RSI (14) reading is 50.77%. On the 9-day MACD Oscillator, the stock is at 0.31, and the 14-day reading is at 0.45.
In its analyst report released on August 18, 2021, JP Morgan began covering Chindata Group Holdings Limited (NASDAQ: CD). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Chindata Group Holdings Limited (CD) an Buy rating. CD is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is CD’s price target for the next 12 months?
The current consensus forecast for the stock is between $100.83 and $157.08, with a median target price of $122.53. In analyzing these forecasts, the average price target given by analysts for Chindata Group Holdings Limited (CD) is $127.93.