Stock analysts at Macquarie cut their rating on shares of Qudian Inc. (NYSE:QD) from Neutral to a new rating of Underperform in their opinion released on November 20. Morgan Stanley analysts bumped their recommendation on QD stock from prior rating of Equal-Weight to Overweight in a separate flash note to investors on April 08. Analysts at Nomura downgraded the company stock to a Neutral call from its previous Buy stance, in a flash note that dated back to February 27.
Let’s take a glimpse at some insider activity at Qudian Inc. (NYSE:QD) and observe the pattern. The earliest insider trade happened on 08/22/2008. Klein James R parted with a total of 2 thousand shares of the firm at average share price of $8.99. The total amount for the sale was set at $17.98 thousand. On completing this exchange, the SVP and CTO account balance was 80.1 thousand shares. The stock lost -46.05 percent from that insider sale. On 08/21/2008, Klein James R, SVP and CTO, did a sale of 3.9 thousand shares at a price of $9.02 per share. This got rid of 35.18 thousand shares from the insider’s fortune and the stock experienced a -46.23 percent retreat in price since the news became public. This exchange saw 82.1 thousand shares get out from the SVP and CTO account.
The stock is lingering around the initial support level of $4.74. After this, the following support is at the zone of $4.65. Up until the time the QD stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 33.02 on the daily chart, and this may be a cause for comfort. In case the price goes below $4.65 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $4.89 level may cause a pull-back move approaching $4.95 mark.
On December 03, 2019, Qudian Inc. (NYSE:QD) shares lost -0.41% or -0.02 points to close at $4.83 with a thin trading volume of 5.953 million shares. It opened the trading session at $4.77, the shares rose to $4.86 and dropped to $4.71, the range by which the price of stock traded the whole day. The company now has a market cap of $1.44 billion and currently has 297.68 million outstanding shares. Qudian Inc. (QD) stock has plunged -32.16 percent of market value in 21 trading days.
QD stock’s trailing 3-year beta is 0, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.84 share in the trailing 52 weeks. The stock’s value surged 12.59 percent year to date (YTD) compared to a decline of -5.29 percent in 52 week’s period. The firm’s shares are still trading -47.53 percent below its 1-year high of $9.20 and 18.67 percent up from 52-week low of $4.07. The average consensus ranking on the company is 2.4, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Qudian Inc. (QD) shares are trading at a P/E ratio of 3.4 times earnings posted in the trailing 12 months. The industry QD deals with has an average P/E of 21. Its P/B ratio is standing at 0.8X compared to the 4.7 industry average. It is additionally sporting a 1.3 on the Price-to-Sales ratio, compared to the industry’s P/S average of 5.3. Qudian Inc. has a 86.7% gross profit margin, with its operating margin around 51.8%. Alongside this, the company’s net profit margin currently stands at 44.8%.
Past records have indicated that shares in Qudian Inc. rose on 4 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of QD’s Q4 earnings on March 16. Analysts are predicting revenue to climb 20.5 percent to $315M in the financial fourth quarter, while EPS will soar by about 2.5 percent to $0.41 per share. In the last quarter, it earnings of $0.38133 per share came better than the $0.34447, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $368.78M, topping the $313.93M analysts had expected. Earnings are seen to rise by 16.5 percent this year, 17.44 percent in the coming year and the trend continues by 5.09 percent every year in the next 5 years.