Qudian (NYSE:QD) Shares Rise 6.1% - Is It a Good Time to Invest?

Qudian Inc. (NYSE:QD) experienced a notable increase in its stock price, jumping by 6.1% during mid-day trading on Friday. The stock traded as high as $2.87 before settling at $2.88. During this trading session, 189,808 shares exchanged hands, which is a decrease of 23% from the average trading volume of 245,758 shares. Prior to this increase, the stock had closed at $2.71.

Qudian Stock Surges

As of now, Qudian has a fifty-day moving average price of $2.73 and a two-hundred-day moving average price of $2.24. The company's market capitalization currently stands at approximately $576.73 million. Furthermore, it has a price-to-earnings (PE) ratio of 71.63 and a beta value of 0.76.

Changes in Institutional Holdings

Recent activity among institutional investors indicates significant changes in their holdings of Qudian stock. Dimensional Fund Advisors LP raised its position in Qudian by 31.4% in the second quarter, now owning 1,435,477 shares valued at $2,838,000 after adding an additional 343,294 shares during the last quarter. Meanwhile, the Healthcare of Ontario Pension Plan Trust Fund established a new stake in Qudian during the same quarter valued at roughly $1,918,000. In addition, Connor Clark & Lunn Investment Management Ltd. acquired a new position valued at about $32,000 in the third quarter. Notably, BNP Paribas Financial Markets increased its stake in Qudian by 248.8% during the third quarter, now holding 28,601 shares worth $61,000 after acquiring an extra 20,400 shares. Additionally, XTX Topco Ltd entered the market with a new stake valued at $50,000. Currently, institutional investors own 8.10% of Qudian’s stock.

About Qudian Inc.

Qudian Inc. operates as a technology-focused consumer credit company in the People's Republic of China. It runs online platforms that offer small consumer credit products along with technology development, research and development services, and delivery services.

Investment Considerations

Before making any investment decisions regarding Qudian, it is essential to analyze market trends and expert recommendations. Currently, Wall Street analysts have assigned a "Hold" rating to Qudian, which suggests caution. Investors should consider these ratings alongside performance data to make informed choices.

In summary, while Qudian's stock has seen a notable increase recently, potential investors might want to look at alternative options available in the market. Current evaluations suggest that there might be better investment opportunities elsewhere.

Qudian, Shares, Investment