Qudian Inc. (NYSE:QD) saw an upside of 4.17% to close Friday at $2.25 after adding $0.09 on the day. The 5-day average trading volume is 668,440 shares of the company’s common stock. It has gained $2.39 in the past week and touched a new high 1 time within the past 5 days. An average of 859,890 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 908,986.
QD’s 1-month performance is 5.63% or -$0.05 on its low of $2.11 reached on 08/18/23. The company’s shares have touched a 52-week low of $0.69 and high of $2.54, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, QD has achieved 136.10% or $1.30 and has reached a new high 42 times. However, the current price is down -11.42% from the 52-week high price.
Valuation Metrics
QD stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.91 while the price-to-book (PB) in the most recent quarter is 0.30, with the price to cash flow ratio at 156.71.
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, 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 18 August was 46.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.93%.
The stock’s 5-day moving average is $2.22, reflecting a -5.06% or -$0.12 change from its current price. QD is currently trading unch above its 20-day SMA, +93.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +33.93% and SMA200 by+171.08%.
Stochastic %K and %D was 14.13% and 11.91% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 49.87%, while the 14-day stochastic is at 32.56% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.14 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.
