Qudian Inc. (NYSE:QD) saw an upside of 1.07% to $2.37 after adding $0.03 on Tuesday. The 5-day average trading volume is 802,177 shares of the company’s common stock. It has gained $2.45 in the past week and touched a new high 2 times within the past 5 days. An average of 960,124 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 863,356.
QD’s 1-month performance is 18.25% or $0.32 on its low of $1.97 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.69 and high of $2.47, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, QD has achieved 148.16% or $1.40 and has reached a new high 40 times. However, the current price is down -4.25% from the 52-week high price.
Valuation Metrics
QD stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.66 while the price-to-book (PB) in the most recent quarter is 0.31, with the price to cash flow ratio at 173.03.
Qudian Inc.’s quick ratio for the period ended December 30 was 17.80, with the current ratio over the same period at 17.80. In terms of profitability, the gross margin trailing 12 months is 6.00%. The firm’s gross profit as reported stood at $28.19 million against revenue of $83.73 million.
Earnings Surprise
For the quarterly period ending December 30 this year, Qudian Inc.’s cash and short-term investments amounted to $779.78 million against total debt of $155.43 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 276.14% to -$52.48 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected QD to announce $0.14 per share in earnings in its latest quarter, but it posted -$0.03, representing a -121.40% surprise. EBITDA for the quarter stood at more than -$4.2 million. QD stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 92.7 million, with total debt at $155.43 million.
Let’s look briefly at Qudian Inc. (QD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 55.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 60.20%.
The stock’s 5-day moving average is $2.36, reflecting a -1.05% or -$0.03 change from its current price. QD is currently trading +10.05% above its 20-day SMA, +112.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +75.75% and SMA200 by+170.69%.
Stochastic %K and %D was 67.16% and 68.79% and the average true range (ATR) pointed at 0.11. The RSI (14) points at 57.96%, while the 14-day stochastic is at 66.18% with the period’s ATR at 0.11. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.02 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Qudian Inc. (NYSE: QD), Citigroup downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for QD stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate QD as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is QD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.21 and a high of $7.21, with their median price target at $7.21. Looking at these predictions, the average price target given by analysts is for Qudian Inc. (QD) stock is $7.21.
