The time has not yet come to remove your chips from the table: Qudian Inc. (QD)

Qudian Inc. (NYSE: QD) stock jumped 2.46% on Monday to $2.08 against a previous-day closing price of $2.03. With 0.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $2.1500 whereas the lowest price it dropped to was $2.0300. The 52-week range on QD shows that it touched its highest point at $2.54 and its lowest point at $0.69 during that stretch. Beta for the stock currently stands at 0.88.

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 QD was up-trending over the past week, with a rise of 20.23%, but this was down by -3.70% over a month. Three-month performance surged to 8.90% while six-month performance rose 76.27%. The stock gained 118.95% in the past year, while it has gained 118.26% so far this year. EPS is expected to decline by -2.96% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.20%.

Float and Shares Shorts:

At present, 223.47 million QD shares are outstanding with a float of 145.90 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.33 million, which was 0.59% higher than short shares on Jul 30, 2023. In addition to Mr. Lianzhu Lv as the firm’s Head of User Experience Department, Mr. Min Luo serves as its Founder, Chairman & CEO.

Institutional Ownership:

Through their ownership of 11.75% of QD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.16% of QD, in contrast to 1.76% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in QD with 3.91% of the stake, Acadian Asset Management LLC holds 7,384,051 shares worth 7,384,051. A second-largest stockholder of QD, Goldman Sachs & Co. LLC, holds 2,019,834 shares, controlling over 1.07% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in QD, holding 1,638,157 shares or 0.87% stake. With a 0.57% stake in QD, the Andra AP Fonden is the largest stakeholder. A total of 1,079,500 shares are owned by the mutual fund manager. The DFA Dimensional Emerging Markets, which owns about 0.17% of QD stock, is the second-largest Mutual Fund holder. It holds 319,605 shares valued at 0.81 million. Advisors Inner Circle – Acadian E holds 0.13% of the stake in QD, owning 249,049 shares worth 0.63 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, QD reported revenue of $105.45M and operating income of -$12.66M. The EBITDA in the recently reported quarter was $66.75M and diluted EPS was -$0.25.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With QD analysts setting a high price target of $7.21 and a low target of $7.21, the average target price over the next 12 months is $7.21. Based on these targets, QD could surge 246.63% to reach the target high and rise by 246.63% to reach the target low. Reaching the average price target will result in a growth of 246.63% 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.