Qudian Inc ADR (NYSE:QD) shares, rose in value, with the stock price up by 1.23% to the previous day’s close as strong demand from buyers drove the stock to $2.46.
Actively observing the price movement in the last trading, the stock closed the session at $2.43. The PE ratio was 128.80 over 12-month period. Referring to stock’s 52-week performance, its high was $2.60, and the low was $1.15. On the whole, QD has fluctuated by -1.20% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of QD currently trading nearly 2.01% and 1.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.89, while the 7-day volatility ratio is showing 4.42% which for the 30-day chart, stands at 4.06%. Furthermore, Qudian Inc ADR (QD)’s beta value is 0.69, and its average true range (ATR) is 0.10.
A comparison of Qudian Inc ADR (QD) with its peers suggests the former has fared considerably weaker in the market. QD showed an intraday change of 1.23% in last session, and over the past year, it grew by 105.00%%.
Data on historical trading for Qudian Inc ADR (NYSE:QD) indicates that the trading volumes over the past 3 months, they’ve averaged 934.66K. According to company’s latest data on outstanding shares, there are 168.75 million shares outstanding.
Qudian Inc ADR’s shares belong to company insiders and institutional investors own 11.26% of the company’s shares. The stock has risen by 20.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QD stock heading into the next quarter.
