Is Inc. (JD) A Good Investment?

69 Inc. (NASDAQ:JD) finished Thursday with an addition of $0.94 to close at $57.09, an upside of 1.67 percent. An average of 6,628,980 shares of common stock have been traded in the last five days. There was a fall of -$1.03 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 7,227,730 shares traded, while the 50-day average volume stands at 10,395,666.

JD stock has increased by 7.21% in the last month. The company shares reached their 1-month lowest point of $54.68 on 12/01/22. With the stock rallying to its 52-week high on 01/20/22, shares of the company touched a low of $33.17 and a high of $79.24 in 52 weeks. It has reached a new high 6 times so far this year and lost -16.47% or -$12.98 in price. In spite of this, the price is down -27.95% from the 52-week high.

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Valuation Metrics Inc. (JD) has a trailing price-to-earnings (P/E) ratio of 315.41. The stock’s beta is 0.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 2.94, and the price-to-cash flow ratio at 14.53.

Financial Health

The quick ratio of Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.22 for the quarter ending June 29. Inc.’s EBITDA margin for the year ending June 29 is 1.04%, while its operating margin for the same period stands at 1.10%. Its gross profit as reported stood at $20.25 billion compared to revenue of $149.33 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Inc.’s return on assets was 0.40%.

Earnings Surprise

For the three-month period that ended June 29, Inc. had $17.98 billion in cash and short-term investments compared to $1.47 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$559.0 million in the quarter, while revenues were grew 413.08%. The analyst consensus anticipated Inc.’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.57, a 50.00% surprise. For the quarter, EBITDA amounted to $1.23 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Inc. (JD) price momentum. RSI 9-day as of the close on 29 December was 51.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.21%.

As of today, JD’s price is $57.23 -1.77% or -$1.03 from its 5-day moving average. JD is currently trading -0.16% lower than its 20-day SMA and -2.97% lower than its 100-day SMA. However, the stock’s current price level is +27.80% above the SMA50 and +24.16% above the SMA200.

The stochastic %K and %D were 35.73% and 30.77%, respectively, and the average true range (ATR) was 2.57. With the 14-day stochastic at 35.55% and the average true range at 2.69, the RSI (14) stands at 53.35%. The stock has reached 0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.

Analyst Ratings

JP Morgan upgraded Inc. (NASDAQ: JD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Inc. (JD) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell JD, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 39 others rate it as a “buy”.

What is JD’s price target for the next 12 months?

Analysts predict a range of price targets between $360.63 and $734.25, with a median target of $536.85. Taking a look at these predictions, the average price target given by analysts for Inc. (JD) stock is $540.35.


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