The stock of Qudian Inc. (NYSE:QD) increased by $0.11 on Friday to finish at $2.44, up 4.72 percent. The last five days have seen an average of 787,020 shares of common stock traded. 42 times new highs were reached in the current year, with a gain of $1.49. The average number of shares traded over the last 20 days was 811,930, while the average volume over the last 50 days totaled 873,306.
QD stock appreciated 8.93% since last month. On 08/18/23, the company’s shares reached a one-month low of $2.11. The stock touched a high of $2.54 on 08/10/23, after rallying from a low of $0.69 in 52 weeks. The price of QD stock has risen by 156.03% or $1.49 this year, reaching a new high 42 times. Still, the stock price is down -3.94% from the 52-week high.
Valuation Metrics
Qudian Inc. (QD) has a trailing price-to-earnings (P/E) ratio of 18.35. Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.60, the price-to-book (PB) ratio of 0.33, and the price-to-cash flow ratio of 169.03.
Financial Health
For the three months ended December 30, Qudian Inc.’s quick ratio was 17.80, while its current ratio was 17.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 6.00% percent. Qudian Inc.’s operating margin stood at -73.40% for the same period. Based on annual data, it had gross profit of $28.19 million and revenue of $83.73 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QD’s return on assets (ROA) during the last 12 months has been 1.50%. There was a -3.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.60%.
Earnings Surprise
According to Qudian Inc.’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $83.73 million, while revenues fell by -210.0% to $0.0. It was predicted that Qudian Inc.’s quarterly earnings would be -$0.03, but it ended up being $0.14, beating the consensus by -121.40%. EBITDA was -$4.2 million for the quarter. At the end of Qudian Inc.’s most recent quarter ended December 30, its liabilities totaled 92.7 million, while its total debt was $155.43 million.
Technical Picture
Here’s a quick look at Qudian Inc.’s (QD) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 62.69%, suggesting the stock is Neutral, with a 58.96% historical volatility rate.
The stochastic %K and %D were 60.47% and 42.64% respectively, while the average true range (ATR) was 0.13. Based on the 14-day stochastic reading of 76.74%, the RSI (14) reading is 59.64%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.07.
Analyst Ratings
Qudian Inc. (NYSE: QD) was downgraded by Citigroup to a a Sell rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Qudian Inc. (QD) an Hold rating. QD is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is QD’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.21 and $7.21, with a median target price of $7.21. In analyzing these forecasts, the average price target given by analysts for Qudian Inc. (QD) is $7.21.
