Chindata Group Holdings Limited (NASDAQ:CD) traded with an addition of $0.05 to $8.34 on Thursday, an upside of 0.60 percent. An average of 1,580,803 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 7 times over the past 12 months. The last 20 days have seen an average of 2,673,816 shares traded, while the 50-day average volume stands at 2,171,148.
CD stock has increased by 5.44% 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 4.64% or $0.37 in price. In spite of this, the price is down -9.45% from the 52-week high.
Valuation Metrics
Chindata Group Holdings Limited (CD) has a trailing price-to-earnings (P/E) ratio of 27.62. The stock’s beta is 0.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.40, the price-to-book (PB) ratio at 2.02.
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. 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 $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 23 August was 63.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.70%.
As of today, CD’s price is $8.30 -0.06% or -$0.01 from its 5-day moving average. CD is currently trading +5.91% higher than its 20-day SMA and +19.24% higher than its 100-day SMA. However, the stock’s current price level is +14.97% above the SMA50 and +41.03% above the SMA200.
The stochastic %K and %D were 79.99% and 80.54%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 85.23% and the average true range at 0.14, the RSI (14) stands at 63.86%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.
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. The consensus rating for Chindata Group Holdings Limited (CD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CD, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is CD’s price target for the next 12 months?
Analysts predict a range of price targets between $62.22 and $103.72, with a median target of $74.29. Taking a look at these predictions, the average price target given by analysts for Chindata Group Holdings Limited (CD) stock is $79.35.
