As of Thursday close, Chindata Group Holdings Limited’s (NASDAQ:CD) stock was down -$0.03, moving down -0.36 percent to $8.34. The average number of shares traded per day over the past five days has been 6,383,160 shares. 2 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 2,497,670, while in the previous 50 days, it was 2,545,486.
Since last month, CD stock rose 6.51%. Shares of the company fell to $7.72 on 08/02/23, the lowest level in the past month. A 52-week high of $9.21 was reached on 02/09/23 after having rallying from a 52-week low of $4.86. Since the beginning of this year, CD’s stock price has risen by 4.64% or $0.37, and marked a new high 8 times. However, the stock has declined by -9.45% since its 52-week high.
Valuation Metrics
Right now, Chindata Group Holdings Limited (CD) has a P/E ratio of about 27.34. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 4.36, the price-to-book (PB) ratio of 2.00.
Financial Health
In the recent quarter, Chindata Group Holdings Limited’s quick ratio stood at 2.30, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.89, and the total debt-to-equity ratio was 0.99. On the profitability front, the trailing twelve-month gross margin is 41.30% percent. In the recent year, EBITDA margin amounted to 45.01%, whereas operating margins totaled 27.50%. Based on annual data, CD earned $274.44 million in gross profit and brought in $659.93 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was 7.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CD’s revenue fell -63.09% during the quarter, while net income inched up to $274.44 million. During the quarter, the company generated $109.63 million in EBITDA. The liabilities of Chindata Group Holdings Limited were 2.08 billion at the end of its most recent quarter, and its total debt was $11.33 billion.
Technical Picture
This quick technical analysis looks at Chindata Group Holdings Limited’s (CD) price momentum. With a historical volatility rate of 24.32%, the RSI 9-day stood at 65.97% on 17 August.
With respect to its five-day moving average, the current Chindata Group Holdings Limited price is up by +2.58% percent or $0.21. At present, CD shares trade +6.79% above its 20-day simple moving average and +25.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +32.80% above its SMA50 and +51.09% above its SMA200.
Stochastic coefficient K was 93.14% and Stochastic coefficient D was 91.59%, while ATR was 0.16. Given the Stochastic reading of 91.18% for the 14-day period, the RSI (14) reading has been calculated as 65.28%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.22.
Analyst Ratings
Credit Suisse upgraded its rating on Chindata Group Holdings Limited (NASDAQ: CD) to an Outperform in a note to investors on March 07, 2022. The analysts firm previously had a Neutral rating on the stock.Chindata Group Holdings Limited (CD) has been rated Overweight by analysts. According to 0 brokerage firms, CD is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Chindata Group Holdings Limited stock as buy, with 3 recommending it as overweight.
With a median target price of $74.29, the current consensus forecast for the stock is $62.22 – $103.72. Based on these forecasts, analysts predict Chindata Group Holdings Limited (CD) will achieve an average price target of $79.35.
