JD.com Inc. (NASDAQ:JD) finished Thursday with a subtraction of -$0.79 to close at $33.02, a downside of -2.34 percent. An average of 10,313,660 shares of common stock have been traded in the last five days. There was a fall of -$1.74 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 10,393,270 shares traded, while the 50-day average volume stands at 10,437,122.
JD stock has decreased by -15.61% in the last month. The company shares reached their 1-month lowest point of $32.68 on 08/18/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $31.57 and a high of $67.87 in 52 weeks. It has reached a new high 2 times so far this year and lost -41.17% or -$23.11 in price. In spite of this, the price is down -51.35% from the 52-week high.
Valuation Metrics
JD.com Inc. (JD) has a trailing price-to-earnings (P/E) ratio of 17.51. The stock’s beta is 0.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.38, the price-to-book (PB) ratio at 1.71, and the price-to-cash flow ratio at 7.79.
The company’s most recent quarterly dividend payment was $0.62 a share, representing a down of -50.79% from $1.26 last year. Its latest decrease dividend $0.64 reported on Thursday March 9 2023.
Financial Health
The quick ratio of JD.com Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.23 for the quarter ending June 29. Its gross profit as reported stood at $21.32 billion compared to revenue of $151.69 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, JD.com Inc.’s return on assets was 3.70%.
Earnings Surprise
For the three-month period that ended June 29, JD.com Inc. had $2.9 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 $1.51 billion in the quarter, while revenues were grew 137.09%. The analyst consensus anticipated JD.com Inc.’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $0.74, a 12.10% surprise. For the quarter, EBITDA amounted to $1.14 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at JD.com Inc. (JD) price momentum. RSI 9-day as of the close on 24 August was 29.27%, suggesting the stock is oversold, with historical volatility in this time frame at 30.42%.
As of today, JD’s price is $33.29 -5.01% or -$1.74 from its 5-day moving average. JD is currently trading -13.06% lower than its 20-day SMA and -24.77% lower than its 100-day SMA. However, the stock’s current price level is -13.08% below the SMA50 and -25.60% below the SMA200.
The stochastic %K and %D were 9.33% and 8.77%, respectively, and the average true range (ATR) was 1.32. With the 14-day stochastic at 4.86% and the average true range at 1.38, the RSI (14) stands at 35.11%. The stock has reached -0.94 on the 9-day MACD Oscillator while the 14-day reading was at -2.23.
Analyst Ratings
UBS downgraded JD.com Inc. (NASDAQ: JD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for JD.com Inc. (JD) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell JD, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 33 others rate it as a “buy”.
What is JD’s price target for the next 12 months?
Analysts predict a range of price targets between $233.28 and $707.42, with a median target of $401.48. Taking a look at these predictions, the average price target given by analysts for JD.com Inc. (JD) stock is $402.79.
