Qudian (NYSE:QD) Shares Up 2.9% - What's Next?

Recently, shares of Qudian Inc. (NYSE:QD) experienced a 2.9% increase in value during Monday's trading session. The stock reached a high of $2.73 before settling at $2.71 by the end of the day. A total of 218,022 shares were traded, indicating a significant drop of 60% compared to the average trading volume of 550,420 shares. This boost follows a previous closing price of $2.63.

Qudian's Recent Stock Performance

Currently, Qudian's stock shows a 50-day simple moving average of $2.87 and a 200-day simple moving average of $2.61. With a market capitalization of $538.61 million, the company's price-to-earnings (P/E) ratio stands at 67.13, while it holds a beta value of 0.70.

Qudian recently disclosed its quarterly earnings on March 20th, where it reported a loss of ($0.05) per share and generated $7.16 million in revenue. The firm also recorded a return on equity of 0.36% and a net margin of 18.32%.

Institutional Interest in Qudian

Several institutional investors and hedge funds have recently adjusted their holdings in Qudian. For instance, Two Sigma Advisers LP raised its investment by 21.1% during the fourth quarter, now owning 108,084 shares valued at approximately $305,000. Similarly, Two Sigma Investments LP increased its shares by 28.5%, now holding 302,316 shares worth around $853,000. Oasis Management Co Ltd. notably boosted its position significantly by 609.9%, owning 197,875 shares valued at $558,000. Additionally, Bank of America Corp DE and BNP Paribas Financial Markets also increased their stakes. Currently, about 8.10% of Qudian's stock is in the hands of institutional investors.

About Qudian

Qudian Inc. is a technology firm operating primarily in the People's Republic of China. It focuses on providing small consumer credit products through online platforms. The company also engages in technology development, research, and delivery services.

Investing Considerations

Before making any investment decisions regarding Qudian, it's worth noting that recent analyst ratings suggest Qudian currently holds a Hold rating. Market analysts have identified several other stocks that they believe may offer better return potential at this time.

Qudian, Stocks, Investing