The stock of Chindata Group Holdings Limited (NASDAQ:CD) increased by $0.04 on Tuesday to finish at $8.39, up 0.48 percent. The last five days have seen an average of 1,679,200 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $0.42. The average number of shares traded over the last 20 days was 1,287,780, while the average volume over the last 50 days totaled 1,974,718.
CD stock appreciated 0.84% since last month. On 08/24/23, the company’s shares reached a one-month low of $8.24. The stock touched a high of $9.21 on 02/09/23, after rallying from a low of $4.86 in 52 weeks. The price of CD stock has risen by 5.27% or $0.42 this year, reaching a new high 8 times. Still, the stock price is down -8.90% from the 52-week high.
Valuation Metrics
Chindata Group Holdings Limited (CD) has a trailing price-to-earnings (P/E) ratio of 27.06. Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.01, the price-to-book (PB) ratio of 1.98.
Financial Health
For the recent quarter, Chindata Group Holdings Limited’s quick ratio was 2.00, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.92, and the total debt to equity ratio is 1.04. As far as profitability goes, gross margin for the trailing twelve months is 41.20% percent. Chindata Group Holdings Limited’s EBITDA margin for the recent year was 45.01%, whereas its operating margin stood at 27.30% for the same period. Based on annual data, it had gross profit of $274.44 million and revenue of $659.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CD’s return on assets (ROA) during the last 12 months has been 3.40%. There was a 4.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.50%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $274.44 million, while revenues fell by -63.09% to $0.0. EBITDA was $105.94 million for the quarter. At the end of Chindata Group Holdings Limited’s most recent quarter, its liabilities totaled 2.11 billion, while its total debt was $11.94 billion.
Technical Picture
Here’s a quick look at Chindata Group Holdings Limited’s (CD) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 66.34%, suggesting the stock is Neutral, with a 3.67% historical volatility rate.
The stochastic %K and %D were 50.29% and 46.68% respectively, while the average true range (ATR) was 0.06. Based on the 14-day stochastic reading of 64.71%, the RSI (14) reading is 63.65%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.02.
Analyst Ratings
In its most recent analyst report, Credit Suisse raised its rating on Chindata Group Holdings Limited (NASDAQ: CD) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Chindata Group Holdings Limited (CD) an Overweight rating. CD 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 1 other recommend it as a buy.
What is CD’s price target for the next 12 months?
The current consensus forecast for the stock is between $62.70 and $76.26, with a median target price of $69.48. In analyzing these forecasts, the average price target given by analysts for Chindata Group Holdings Limited (CD) is $69.48.
