Qudian (NYSE:QD) Trading 2.9% Higher - What's Next?

Qudian Inc. (NYSE:QD) saw an increase of 2.9% in its share price during trading on Monday. The stock peaked at $2.73 before closing at $2.71. During the day, 218,022 shares were traded, which is 60% lower than the average trading volume of 550,420 shares. The previous closing price was $2.63.

Qudian Stock Performance

The stock is currently below its fifty-day simple moving average of $2.87 and above its 200-day simple moving average of $2.61. Qudian holds a market capitalization of $538.61 million, a price-to-earnings (P/E) ratio of 67.13, and a beta of 0.70, indicating lower volatility in comparison to the market.

The most recent quarterly earnings report from Qudian was released on March 20th, showing an earnings per share (EPS) of $(-0.05). The revenue for that quarter was reported at $7.16 million. The company also reported a return on equity of 0.36% alongside a net profit margin of 18.32%.

Institutional Investments in Qudian

Several institutional investors have recently adjusted their holdings in Qudian. For instance, Two Sigma Advisers LP raised its stake in the company by 21.1% in the fourth quarter, owning now 108,084 shares valued at approximately $305,000 after acquiring an additional 18,800 shares. Similarly, Two Sigma Investments LP increased its holdings by 28.5%, resulting in a total of 302,316 shares with a value of $853,000 following an additional purchase of 67,014 shares.

Additionally, Oasis Management Co Ltd improved its position by 609.9%, owning 197,875 shares with a value of $558,000 after buying 170,000 additional shares. Bank of America Corp DE and BNP Paribas Financial Markets also increased their stakes by 17.1% and 31.7%, respectively, during the same period. At present, institutional investors hold 8.10% of the company's stock.

About Qudian

Qudian Inc operates as a technology company focused on providing consumer financial solutions within the People's Republic of China. Its core business includes online platforms that deliver small consumer credit products, in addition to offering technology development, research and development services, and delivery services.

Should You Consider Investing in Qudian?

Before looking into an investment in Qudian, it is important to note that the stock currently holds a 'Hold' rating among analysts. Additionally, some top analysts have identified other stocks as more favorable options. It may be worthwhile to research alternative stocks that could offer better investment opportunities.

Qudian, Stocks, Investment