Qudian Inc. (NYSE:QD) has a beta value of 1.22 and has seen 1,269,104 shares traded in the recent trading session. The company, currently valued at $476.04 Million, closed the recent trade at $1.7045 per share which meant it lost $0 on the day or 0.89% during that session. The QD stock price is -440.04% off its 52-week high price of $9.205 and 29.01% above the 52-week low of $1.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.4 Million shares traded. The 3-month trading volume is 3.91 Million shares.
Qudian Inc. (NYSE:QD) trade information
Sporting 0.35% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the QD stock price touched $2 or saw a rise of 15.1%. Year-to-date, Qudian Inc. shares have moved -63.95%, while the 5-day performance has seen it change -10.16%. Over the past 30 days, the shares of Qudian Inc. (NYSE:QD) have changed 13.2%. Short interest in the company has seen 13.93 Million shares shorted with days to cover at 3.56.
Qudian Inc. (QD) estimates and forecasts
Figures show that Qudian Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -63.58% over the past 6 months, with this year growth rate of -80.12%, compared to -17% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -193% and -127.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -58.9%.
1 analysts offering their estimates for the company have set an average revenue estimate of $728.85 Million for the current quarter. 1 have an estimated revenue figure of $674.95 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.22 Billion and $2.59 Billion respectively for this quarter and the next, and analysts expect sales will grow by -67.2% for the current quarter and -73.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +145.9% over the past 5 years. Earnings growth for 2020 is a modest +40.4% while over the next 5 years, the company’s earnings are expected to increase by -3.59%.
Qudian Inc. (NYSE:QD)’s Major holders
Insiders own 20.41% of the company shares, while shares held by institutions stand at 51.91% with a share float percentage of 65.22%. Investors are also buoyed by the number of investors in a company, with Qudian Inc. having a total of 208 institutions that hold shares in the company. The top two institutional holders are Acadian Asset Management with over 6.73 Million shares worth more than $12.12 Million. As of March 30, 2020, Acadian Asset Management held 15.62% of shares outstanding.
The other major institutional holder is Greenwoods Asset Management Ltd, with the holding of over 5.47 Million shares as of March 30, 2020. The firm’s total holdings are worth over $9.85 Million and represent 12.69% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and iShares Core MSCI Emerging Markets ETF. As of March 30, 2020, the former fund manager holds about 8.62% shares in the company for having 3719152 shares of worth $6.69 Million while later fund manager owns 1.42 Million shares of worth $3.71 Million as of February 28, 2020, which makes it owner of about 3.28% of company’s outstanding stock.