Chindata Group Holdings Limited (NASDAQ:CD) finished Thursday with a subtraction of -$0.07 to close at $8.06, a downside of -0.80 percent. An average of 1,704,383 shares of common stock have been traded in the last five days. There was a gain of $0.09 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,138,811 shares traded, while the 50-day average volume stands at 2,053,812.
CD stock has decreased by -2.00% in the last month. The company shares reached their 1-month lowest point of $7.72 on 08/02/23. With the stock rallying to its 52-week high on 02/09/23, shares of the company touched a low of $4.86 and a high of $9.21 in 52 weeks. It has reached a new high 8 times so far this year and achieved 1.19% or $0.11 in price. In spite of this, the price is down -12.43% from the 52-week high.
Valuation Metrics
Chindata Group Holdings Limited (CD) has a trailing price-to-earnings (P/E) ratio of 26.27. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.14, the price-to-book (PB) ratio at 1.92.
Financial Health
The quick ratio of Chindata Group Holdings Limited for the recent quarter was 2.30, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.89 and a total debt to equity ratio of 0.99 for the recent quarter. Chindata Group Holdings Limited’s EBITDA margin is 45.01%, while its operating margin for the same period stands at 27.50%. Its gross profit as reported stood at $274.44 million compared to revenue of $659.93 million.
Earnings Surprise
For the recent quarter, Chindata Group Holdings Limited had $14.55 million in cash and short-term investments compared to $1.04 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $94.48 million in the quarter, while revenues were grew 47.45%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Chindata Group Holdings Limited (CD) price momentum. RSI 9-day as of the close on 10 August was 56.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.13%.
As of today, CD’s price is $8.15 +1.19% or $0.09 from its 5-day moving average. CD is currently trading +0.94% higher than its 20-day SMA and +35.49% higher than its 100-day SMA. However, the stock’s current price level is +41.67% above the SMA50 and +38.03% above the SMA200.
The stochastic %K and %D were 69.53% and 77.41%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 58.27% and the average true range at 0.19, the RSI (14) stands at 59.48%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.12.
Analyst Ratings
Credit Suisse upgraded Chindata Group Holdings Limited (NASDAQ: CD) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
What is CD’s price target for the next 12 months?
Analysts predict a range of price targets between $71.18 and $103.72, with a median target of $81.49. Taking a look at these predictions, the average price target given by analysts for Chindata Group Holdings Limited (CD) stock is $82.92.
