Qudian Inc. (NYSE:QD) has a beta value of 0 and has seen 2,780,765 shares traded in the last trading session. The company, currently valued at $438.34 Million, closed the last trade at $1.57 per share which meant it gained $0.09 on the day or 6.08% during that session. The QD stock price is -402.55% off its 52-week high price of $7.89 and 22.93% 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 3.84 Million shares traded. The 3-month trading volume is 4.9 Million shares.
The consensus among analysts is that Qudian Inc. (QD) is a Hold stock at the moment, with a recommendation rating of 3.6. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 5 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.08.
Qudian Inc. (NYSE:QD) trade information
Sporting 6.08% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Sep 14 when the QD stock price touched $1.58 or saw a rise of 0.63%. Year-to-date, Qudian Inc. shares have moved -66.67%, while the 5-day performance has seen it change 1.29%. Over the past 30 days, the shares of Qudian Inc. (NYSE:QD) have changed -13.74%. Short interest in the company has seen 14.43 Million shares shorted with days to cover at 2.94.
Qudian Inc. (QD) estimates and forecasts
Figures show that Qudian Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -0.63% over the past 6 months, compared to -17.8% 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 -83% and 50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -57.2%.
1 analysts offering their estimates for the company have set an average revenue estimate of $158.42 Million for the current quarter. 1 have an estimated revenue figure of $163.84 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $370.22 Million and $276Million respectively for this quarter and the next, and analysts expect sales will grow by -57.2% for the current quarter and -40.6% 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 -3.72%.
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 5.62 Million shares worth more than $9.56 Million. As of June 29, 2020, Acadian Asset Management held 13.04% of shares outstanding.
The other major institutional holder is Greenwoods Asset Management Ltd, with the holding of over 5.47 Million shares as of June 29, 2020. The firm’s total holdings are worth over $9.3 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 June 29, 2020, the former fund manager holds about 4.31% shares in the company for having 1860250 shares of worth $3.16 Million while later fund manager owns 1.28 Million shares of worth $1.93 Million as of May 30, 2020, which makes it owner of about 2.98% of company’s outstanding stock.