Qudian Inc ADR (QD) stock forecast: Can it reach its 52-week high of $2.60

At the time of writing, Qudian Inc ADR [QD] stock is trading at $3.05, up 33.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The QD shares have gain 24.49% over the last week, with a monthly amount glided 24.49%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

Qudian Inc ADR [NYSE: QD] stock has seen the most recent analyst activity on June 04, 2020, when Citigroup downgraded its rating to a Sell. Previously, Nomura downgraded its rating to Reduce on January 22, 2020. On January 22, 2020, downgrade downgraded it’s rating to Neutral. Morgan Stanley downgraded its rating to a Equal-Weight. Macquarie downgraded its rating to a Underperform. Morgan Stanley upgraded its rating to Overweight for this stock on April 08, 2019. In a note dated February 27, 2019, Nomura downgraded an Neutral rating on this stock.

For the past year, the stock price of Qudian Inc ADR fluctuated between $1.52 and $2.60. Qudian Inc ADR [NYSE: QD] shares were valued at $3.05 at the most recent close of the market.

Analyzing the QD fundamentals

According to Qudian Inc ADR [NYSE:QD], the company’s sales were 33.46M for trailing twelve months, which represents an 38.14% jump. Gross Profit Margin for this corporation currently stands at -0.13% with Operating Profit Margin at -1.67%, Pretax Profit Margin comes in at -1.48%, and Net Profit Margin reading is -1.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is -0.03.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.52 points at the first support level, and at 1.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.34, and for the 2nd resistance point, it is at 3.63.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 12.50, the price to book ratio is 0.26 and price to earnings (TTM) ratio is 76.06.

Related Posts