Chindata Group Holdings Limited (NASDAQ: CD)’s stock price has increased by 0.93 compared to its previous closing price of 6.45. However, the company has experienced a -5.79% decline in its stock price over the last five trading sessions.
Is It Worth Investing in Chindata Group Holdings Limited (NASDAQ: CD) Right Now?
The price-to-earnings ratio for Chindata Group Holdings Limited (NASDAQ: CD) is above average at 25.73x.
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The public float for CD is 176.61M, and at present, short sellers hold a 3.26% of that float. The average trading volume of CD on March 15, 2023 was 1.16M shares.
CD’s Market Performance
CD stock saw a decrease of -5.79% in the past week, with a monthly decline of -24.13% and a quarterly a decrease of -16.96%. The volatility ratio for the week is 3.65%, and the volatility levels for the last 30 days are 4.37% for Chindata Group Holdings Limited (CD). The simple moving average for the last 20 days is -11.84% for CD stock, with a simple moving average of -13.09% for the last 200 days.
Analysts’ Opinion of CD
Many brokerage firms have already submitted their reports for CD stocks, with Credit Suisse repeating the rating for CD by listing it as a “Outperform.” The predicted price for CD in the upcoming period, according to Credit Suisse is $8.30 based on the research report published on March 07th of the previous year 2022.
Credit Suisse, on the other hand, stated in their research note that they expect to see CD reach a price target of $8.30. The rating they have provided for CD stocks is “Neutral” according to the report published on December 13th, 2021.
JP Morgan gave a rating of “Overweight” to CD, setting the target price at $18 in the report published on August 18th of the previous year.
CD Trading at -18.32% from the 50-Day Moving Average
After a stumble in the market that brought CD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.32% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares sank -23.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.32% lower at present.
During the last 5 trading sessions, CD fell by -5.79%, which changed the moving average for the period of 200-days by +5.00% in comparison to the 20-day moving average, which settled at $7.28. In addition, Chindata Group Holdings Limited saw -18.32% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CD
Current profitability levels for the company are sitting at:
- +23.67 for the present operating margin
- +40.60 for the gross margin
The net margin for Chindata Group Holdings Limited stands at +11.09. Equity return is now at value 6.30, with 3.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
In summary, Chindata Group Holdings Limited (CD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.