JD.com Inc ADR (NASDAQ: JD) Surged 69.83% In 6 Months – Here’s What Happens Next

JD.com Inc ADR (NASDAQ:JD)’s traded shares stood at 10.23 million during the latest session, with the company’s beta value hitting 0.40. At the last check today, the stock’s price was $44.36, to imply a decrease of -0.98% or -$0.44 in intraday trading. The JD share’s 52-week high remains $46.64, putting it -5.14% down since that peak but still an impressive 53.07% since price per share fell to its 52-week low of $20.82. The company has a valuation of $60.57B, with an average of 36.24 million shares in intraday trading volume over the past 10 days and average of 16.27 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for JD.com Inc ADR (JD), translating to a mean rating of 1.50. Of 14 analyst(s) looking at the stock, 0 analyst(s) give JD a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.06.

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

After registering a -0.98% downside in the latest session, JD.com Inc ADR (JD) has traded red over the past five days. The 5-day price performance for the stock is 16.77%, and 65.34% over 30 days. With these gigs, the year-to-date price performance is 53.55%. Short interest in JD.com Inc ADR (NASDAQ:JD) saw shorts transact 34.7 million shares and set a 1.9 days time to cover.

The extremes give us $28 and $123 for target low and target high price respectively. As such, JD has been trading -177.28% off suggested target high and 36.88% from its likely low.

JD.com Inc ADR (JD) estimates and forecasts

Looking at statistics comparing JD.com Inc ADR share performance against respective industry, we note that the company has outperformed competitors. JD.com Inc ADR (JD) shares are 69.83% up over the last 6 months, with its year-to-date growth rate higher than industry average at 27.56% against 14.50%. Revenue is forecast to grow 14.00% this quarter before jumping 18.90% for the next one. The rating firms project that company’s revenue will grow 5.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 18 analysts is 36.9B. Meanwhile, for the current quarter, a total of 16 analyst(s) estimate revenue growth to 45.59B.

JD Dividends

JD.com Inc ADR has its next earnings report out on 2024-Nov-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. JD.com Inc ADR has a forward dividend ratio of 0.76, with the share yield ticking at 1.71% to continue the rising pattern observed over the past year.

JD.com Inc ADR (NASDAQ:JD)’s Major holders

The next major institution holding the largest number of shares is INVESCO LTD. with 15.27 million shares, or about 0.9767% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $394.63 million.

We also have Dodge & Cox International Stock Fund and Invesco Global Fund as the top two Mutual Funds with the largest holdings of the JD.com Inc ADR (JD) shares. Going by data provided on Jun 30, 2024, Dodge & Cox International Stock Fund holds roughly 18.37 shares. This is just over 1.16% of the total shares, with a market valuation of $816.48 million. Data from the same date shows that the other fund manager holds a little less at 6.48, or 0.41% of the shares, all valued at about 287.89 million.