Chindata Group Holdings Ltd ADR (NASDAQ: CD) stock fell -2.54% on Monday to $8.83 against a previous-day closing price of $9.06. With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.78 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $9.20 whereas the lowest price it dropped to was $8.81. The 52-week range on CD shows that it touched its highest point at $9.44 and its lowest point at $4.86 during that stretch. It currently has a 1-year price target of $10.35. Beta for the stock currently stands at 0.62.
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 up-trending over the past week, with a rise of 1.26%, but this was up by 2.67% over a month. Three-month performance surged to 6.77% while six-month performance rose 67.08%. The stock gained 32.19% in the past year, while it has gained 10.79% so far this year. A look at the trailing 12-month EPS for CD yields 0.33 with Next year EPS estimates of 0.42. For the next quarter, that number is 0.07. This implies an EPS growth rate of 160.37% for this year and 30.60% for next year.
Float and Shares Shorts:
At present, 200.13 million CD shares are outstanding with a float of 172.21 million shares on hand for trading. On Oct 30, 2023, short shares totaled 24.43 million, which was 6.67% higher than short shares on Sep 28, 2023. In addition to Mr. Huapeng Wu as the firm’s CEO & Director, Ms. Qian Xiao serves as its President & Director.
Through their ownership of 39.95% of CD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 42.17% of CD, in contrast to 15.86% held by mutual funds. As the largest shareholder in CD with 7.38% of the stake, Oasis Management holds 15,000,000 shares worth 15,000,000. A second-largest stockholder of CD, Canada Pension Plan Investment Bo, holds 12,194,941 shares, controlling over 6.00% of the firm’s shares. MY.Alpha Management is the third largest shareholder in CD, holding 9,498,615 shares or 4.67% stake. With a 5.50% stake in CD, the Canada Pension Plan is the largest stakeholder. A total of 11,174,000 shares are owned by the mutual fund manager. The KraneShares CSI China Internet ET, which owns about 3.28% of CD stock, is the second-largest Mutual Fund holder. It holds 6,671,333 shares valued at 59.24 million. Government Pension Fund – Global holds 1.40% of the stake in CD, owning 2,840,129 shares worth 25.22 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CD 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 CD analysts setting a high price target of $85.33 and a low target of $62.70, the average target price over the next 12 months is $74.33. Based on these targets, CD could surge 866.36% to reach the target high and rise by 610.08% to reach the target low. Reaching the average price target will result in a growth of 741.79% from current levels.