Qudian Inc. (NYSE:QD) finished Friday with a subtraction of -$0.1 to close at $2.37, a downside of -4.05 percent. An average of 995,260 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week, and it reached a new high 46 times over the past 12 months. The last 20 days have seen an average of 906,185 shares traded, while the 50-day average volume stands at 902,774.
QD stock has increased by 8.22% in the last month. The company shares reached their 1-month lowest point of $2.07 on 07/13/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $0.69 and a high of $2.54 in 52 weeks. It has reached a new high 42 times so far this year and achieved 148.69% or $1.42 in price. In spite of this, the price is down -6.69% from the 52-week high.
Valuation Metrics
Qudian Inc. (QD) has a trailing price-to-earnings (P/E) ratio of 17.56. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.69, the price-to-book (PB) ratio at 0.31, and the price-to-cash flow ratio at 173.40.
Financial Health
The quick ratio of Qudian Inc. for the three months ended December 30 was 17.80, and the current ratio was 17.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.01 for the quarter ending December 30. Its gross profit as reported stood at $28.19 million compared to revenue of $83.73 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Qudian Inc.’s return on assets was 1.50%.
Earnings Surprise
For the three-month period that ended December 30, Qudian Inc. had $779.78 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$52.48 million in the quarter, while revenues were grew 276.14%. The analyst consensus anticipated Qudian Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be -$0.03, a -121.40% surprise. For the quarter, EBITDA amounted to -$4.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Qudian Inc. (QD) price momentum. RSI 9-day as of the close on 11 August was 52.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.32%.
As of today, QD’s price is $2.41 -0.42% or -$0.01 from its 5-day moving average. QD is currently trading +7.73% higher than its 20-day SMA and +107.89% higher than its 100-day SMA. However, the stock’s current price level is +71.74% above the SMA50 and +184.99% above the SMA200.
The stochastic %K and %D were 74.43% and 79.63%, respectively, and the average true range (ATR) was 0.11. With the 14-day stochastic at 47.69% and the average true range at 0.11, the RSI (14) stands at 56.05%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.
Analyst Ratings
Citigroup downgraded Qudian Inc. (NYSE: QD) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Qudian Inc. (QD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell QD, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is QD’s price target for the next 12 months?
Analysts predict a range of price targets between $7.21 and $7.21, with a median target of $7.21. Taking a look at these predictions, the average price target given by analysts for Qudian Inc. (QD) stock is $7.21.
