Stocks

Qudian (NYSE:QD) Shares Rise by 6.1% - Should You Consider Buying?

Published January 18, 2025

Qudian Inc. (NYSE:QD) experienced a notable increase in its stock price, rising by 6.1% during mid-day trading on Friday. The stock reached a peak of $2.87 before closing at $2.88. During this trading session, approximately 189,808 shares were exchanged, which is a 23% decrease compared to its average session volume of 245,758 shares. The previous day, the stock had ended at $2.71.

Qudian Stock Performance

Currently, Qudian's fifty-day moving average stands at $2.73, while its two-hundred-day moving average is priced at $2.24. The company's total market capitalization is around $576.73 million, and it has a price-to-earnings (PE) ratio of 71.63. Additionally, the stock has a beta value of 0.76, reflecting its volatility in relation to the overall market.

Recent Institutional Trading Activity

There have been some significant changes in institutional holdings for Qudian. Dimensional Fund Advisors LP has increased its stake in Qudian by 31.4% during the second quarter, now holding 1,435,477 shares valued at approximately $2.84 million after acquiring an additional 343,294 shares. Healthcare of Ontario Pension Plan Trust Fund initiated a new position in Qudian during the second quarter valued at around $1.92 million. Furthermore, Connor Clark & Lunn Investment Management Ltd. bought a new position for about $32,000 in the third quarter. Notably, BNP Paribas Financial Markets raised its investment in Qudian by 248.8% this quarter, owning 28,601 shares worth approximately $61,000 after acquiring an extra 20,400 shares. XTX Topco Ltd also purchased a new stake for $50,000. Currently, hedge funds and other institutional investors own 8.10% of Qudian's shares.

About Qudian Inc.

Qudian Inc. is a technology-based company primarily focused on consumer finance. Operating in the People's Republic of China, Qudian specializes in offering small consumer credit products through its online platforms. The company also engages in technology development and related services.

Should You Invest in Qudian?

Before considering an investment in Qudian, investors may want to conduct thorough research. While Qudian presently holds a 'Hold' rating from analysts, some top-rated analysts recommend looking into other stocks that show better potential. Identifying a diverse range of investment opportunities is essential for making informed financial decisions.

Qudian, Stocks, Investment