Chindata Group Holdings Ltd ADR (NASDAQ:CD) saw an upside of 0.12% to close Tuesday at $8.33 after adding $0.01 on the day. The 5-day average trading volume is 5,402,700 shares of the company’s common stock. It has gained $8.41 in the past week and touched a new high 2 times within the past 5 days. An average of 2,381,195 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,215,362.
CD’s 1-month performance is 0.36% or $0.03 on its low of $8.25 reached on 08/28/23. The company’s shares have touched a 52-week low of $4.86 and high of $9.21, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, CD has achieved 4.52% or $0.36 and has reached a new high 8 times. However, the current price is down -9.55% from the 52-week high price.
Valuation Metrics
CD stock has a beta of 0.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.08 while the price-to-book (PB) in the most recent quarter is 1.96.
Chindata Group Holdings Ltd ADR’s quick ratio for the recent period was 1.99, with the current ratio over the same period at 1.99.. In terms of profitability, the gross margin trailing 12 months is 41.17%. The trailing 12-month EBITDA margin is 45.01%. The firm’s gross profit as reported stood at $274.44 million against revenue of $659.93 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 47.45% to $94.48 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $105.94 million. CD stock balance sheet for the recent quarter shows that total liabilities totaled 2.11 billion, with total debt at $11.94 billion.
Let’s look briefly at Chindata Group Holdings Ltd ADR (CD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 49.96% to suggest the stock is trending Neutral, with historical volatility in this time period at 4.78%.
The stock’s 5-day moving average is $8.34, reflecting a -0.72% or -$0.06 change from its current price. CD is currently trading +0.73% above its 20-day SMA, +43.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.65% and SMA200 by+9.17%.
Stochastic %K and %D was 39.15% and 41.98% and the average true range (ATR) pointed at 0.07. The RSI (14) points at 55.50%, while the 14-day stochastic is at 46.67% with the period’s ATR at 0.08. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.02 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Chindata Group Holdings Ltd ADR (NASDAQ: CD), Credit Suisse upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CD as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is CD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $62.70 and a high of $76.26, with their median price target at $69.48. Looking at these predictions, the average price target given by analysts is for Chindata Group Holdings Ltd ADR (CD) stock is $69.48.
