Is JD.com Inc ADR (NASDAQ: JD) Stock Ready For A Higher Run In Its Share Price?

In the latest trading session, 1.67 million JD.com Inc ADR (NASDAQ:JD) shares changed hands as the company’s beta touched 0.52. With the company’s most recent per share price at $22.38 changed hands at -$0.51 or -2.22% at last look, the market valuation stands at $30.50B. JD’s current price is a discount, trading about -144.73% off its 52-week high of $54.77. The share price had its 52-week low at $20.82, which suggests the last value was 6.97% up since then. When we look at JD.com Inc ADR’s average trading volume, we note the 10-day average is 14.1 million shares, with the 3-month average coming to 0.63.

JD.com Inc ADR (NASDAQ:JD) trade information

Instantly JD was in red as seen in intraday trades today. With action -7.17%, the performance over the past five days has been red. The drop to weekly highs of 23.41 subtracted -2.22% to the stock’s daily price. The company’s shares are showing year-to-date downside of -22.53%, with the 5-day performance at -7.17% in the red. However, in the 30-day time frame, JD.com Inc ADR (NASDAQ:JD) is -9.38% down. Looking at the short shares, we see there were 26.96 million shares sold at short interest cover period of 1.54 days.

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JD.com Inc ADR (JD) estimates and forecasts

Data shows that the JD.com Inc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -39.11% over the past 6 months, a 18.29% in annual growth rate that is considerably lower than the industry average of 23.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for JD.com Inc ADR will fall -10.00%, while the growth in revenue is estimated to hit 9.10% for the next quarter. Year-over-year growth is forecast to reach -0.10% down from the last financial year.

Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of $42.07 billion. 8 analysts are of the opinion that JD.com Inc ADR’s revenue for the quarter ending Mar 2024 will be $35.83 billion. The company’s revenue for the corresponding quarters a year ago was $42.75 billion and $33.64 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.60%. The estimates for the next quarter sales put growth at 6.50%.

JD Dividends

JD.com Inc ADR is expected to release its next quarterly earnings report in March. The 2.77% annual yield figure for the share gives it an annual dividend of 0.62. It is important to note, however, that the 2.77% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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