Qudian Inc - ADR (QD) is up 13.17% today after it jumped up over 35% during trading yesterday. No major news has been released about the company as market sentiment has shifted and seen the stock price surge over the past couple days. QD was trading around $1.70 at the end of last week and now is hovering around $2.90 marking a 70% increase in share price. Qudian is a Chinese financial services company focused on the enhancement of the online consumer credit service in China. The company was founded in 2014 as an online small consumer credit provider. Its last earnings report was on May 26 where it massively missed analysts expectations of -0.02 EPS with instead an EPS of -0.51. Investors are seemingly starting to believe in the stocks performance again even as no news has released yet and investors await their next earnings report sometime in August where hopefully the company will have a stronger performance as China recovers from the effects of COVID-19.
QD stock is down -66.25% over the last 12 months, and the average rating from Wall Street analysts is a Strong Sell. InvestorsObserver’s proprietary scoring system, gives QD stock a score of 53 out of a possible 100.
That score is mainly influenced by a fundamental score of 100. In addition to the average rating from Wall Street analysts, QD stock has a mean target price of 5.11. This means analysts expect the stock to gain 72.05% over the next 12 months. QD’s score also includes a long-term technical score of 31. The short-term technical score for QD is 30.
What’s Happening with QD Stock Today
Qudian Inc - ADR (QD) stock is up 13.17% while the S&P 500 is down -0.08% as of 9:37 AM on Thursday, Jul 9. QD has risen $0.35 from the previous closing price of $2.62 on volume of 1,488,688 shares. Over the past year the S&P 500 is higher by 5.82% while QD is down -66.25%. QD earned $0.83 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.44.
