Chindata Group Holdings Limited (NASDAQ:CD) price on Wednesday, November 09, fall -9.60% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.37.
A look at the stock’s price movement, the close in the last trading session was $5.94, moving within a range at $5.34 and $5.80. The beta value (5-Year monthly) was 0.76 while the PE ratio in trailing twelve months stood at 29.67. Turning to its 52-week performance, $10.61 and $3.75 were the 52-week high and 52-week low respectively. Overall, CD moved -29.16% over the past month.China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal
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Chindata Group Holdings Limited’s market cap currently stands at around $1.92 billion, with investors looking forward to this quarter’s earnings report slated for Nov 22, 2022. Analysts project the company’s earnings per share (EPS) to be $0.04, which has seen fiscal year 2022 EPS growth forecast to increase to $0.19 and about $0.32 for fiscal year 2023. Per the data, EPS growth is expected to be 46.20% for 2022 and 68.40% for the next financial year.
Analysts have a consensus estimate of $153.99 million for the company’s revenue for the quarter, with a low and high estimate of $153.99 million and $153.99 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $586.45 million, representing a 37.10% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CD is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
CD’s current price about -14.85% and -27.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.40, while 7-day volatility ratio is 7.52% and 7.29% in the 30-day chart. Further, Chindata Group Holdings Limited (CD) has a beta value of 0, and an average true range (ATR) of 0.49.
In the market, a comparison of Chindata Group Holdings Limited (CD) and its peers suggest the former has performed considerably weaker. Data shows CD’s intraday price has changed -9.60% in last session and -42.44% over the past year. Comparatively, Microsoft Corporation (MSFT) has moved -1.91% on the day and only -33.17% in the past 12 months. Looking at another peer, we see that Amazon.com Inc. (AMZN) price has dipped -4.27% on the day. However, the stock is -51.83% off its price a year ago. Moreover, Verizon Communications Inc. (VZ) is also down -0.66% in trading on the day while keeping a a downtrend of -27.99% over the past year. If we look at the PE ratio, we find that Chindata Group Holdings Limited’s ratio stands at 29.67 compared to Microsoft Corporation’s 24.19 and Amazon.com Inc.’s 79.46. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -2.08% and -1.95% respectively in the last trading.
If we refocus on Chindata Group Holdings Limited (NASDAQ:CD), historical trading data shows that trading volumes averaged 3.42 million over the past 10 days and 2.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 369.56 million shares.
The 0.64% of Chindata Group Holdings Limited’s shares are in the hands of company insiders while institutional holders own 45.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.31 million on Oct 13, 2022, giving us a short ratio of 2.41. The data shows that as of Oct 13, 2022 short interest in Chindata Group Holdings Limited (CD) stood at 1.45% of shares outstanding, with shares short rising to 3.94 million registered in Sep 14, 2022. Current price change has pushed the stock -18.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CD stock continues to rise going into the next quarter.