A Look at Chindata Group Holdings Limited (CD) Shares in the Recent Past Indicates Growth

Chindata Group Holdings Limited (NASDAQ: CD) stock jumped 2.06% on Friday to $6.93 against a previous-day closing price of $6.79. With 1.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.57 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $7.05 whereas the lowest price it dropped to was $6.56. The 52-week range on CD shows that it touched its highest point at $13.37 and its lowest point at $3.75 during that stretch. It currently has a 1-year price target of $9.84.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CD was down-trending over the past week, with a drop of -5.97%, but this was down by -16.00% over a month. Three-month performance surged to 9.83% while six-month performance rose 33.78%. The stock lost -44.56% in the past year, while it has gained 5.16% so far this year. A look at the trailing 12-month EPS for CD yields 0.14 with Next year EPS estimates of 1.83. For the next quarter, that number is 0.19. This implies an EPS growth rate of 194.00% for this year and 53.47% for next year.

Float and Shares Shorts:

At present, 363.72 million CD shares are outstanding with a float of 176.61 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.28 million, which was 1.17% higher than short shares on Jun 14, 2022. In addition to Mr. Huapeng Wu as the firm’s CEO & Director, Ms. Qian Xiao serves as its Group Pres & Director.

Institutional Ownership:

Through their ownership of 40.24% of CD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 22.35% of CD, in contrast to 19.93% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CD with 5.92% of the stake, Canada Pension Plan Investment Bo holds 11,058,874 shares worth 11,058,874. A second-largest stockholder of CD, Sylebra Capital Ltd., holds 7,111,992 shares, controlling over 3.81% of the firm’s shares. Carmignac Gestion SA is the third largest shareholder in CD, holding 5,546,713 shares or 2.97% stake. With a 5.92% stake in CD, the Canada Pension Plan is the largest stakeholder. A total of 11,059,000 shares are owned by the mutual fund manager. The KraneShares CSI China Internet ET, which owns about 3.42% of CD stock, is the second-largest Mutual Fund holder. It holds 6,392,476 shares valued at 49.61 million. Carmignac Investissement holds 1.87% of the stake in CD, owning 3,500,244 shares worth 27.16 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CD since 10 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CD analysts setting a high price target of $75.47 and a low target of $55.93, the average target price over the next 12 months is $66.37. Based on these targets, CD could surge 989.03% to reach the target high and rise by 707.07% to reach the target low. Reaching the average price target will result in a growth of 857.72% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CD will report FY 2022 earnings on 03/22/2023. Analysts have provided yearly estimates in a range of $2.28 being high and $0.68 being low. For CD, this leads to a yearly average estimate of $1.33. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Chindata Group Holdings Limited surprised analysts by -$0.02 when it reported $0.02 EPS against a consensus estimate of $0.04. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.30 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.30.

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