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

Qudian Inc. (NYSE:QD) experienced a notable increase in share price, rising by 2.9% during trading on Monday. The stock reached a high of $2.73 and was last observed trading at $2.71, with a total of 218,022 shares exchanged. This figure represents a 60% decline in trading volume compared to the average session volume of 550,420 shares. The previous closing price for the stock was $2.63.

Recent Stock Performance

The recent uptick has brought the stock to a fifty-day simple moving average of $2.87 and a two-hundred-day simple moving average of $2.61. Currently, Qudian boasts a market capitalization of approximately $538.61 million, a price-to-earnings (P/E) ratio of 67.13, along with a beta of 0.70, indicating lower volatility compared to the broader market.

Qudian last released its quarterly earnings report on March 20th, revealing an earnings per share (EPS) of ($0.05) along with a quarterly revenue of $7.16 million. The company has managed a return on equity of 0.36% and a net margin of 18.32%, reflecting a certain level of profitability.

Institutional Investor Activity

Several institutional investors and hedge funds have made recent adjustments to their positions in Qudian. For instance, Two Sigma Advisers LP augmented its stake in the company by 21.1% during the fourth quarter, now holding 108,084 shares valued at approximately $305,000 after acquiring an additional 18,800 shares. Similarly, Two Sigma Investments LP increased its holdings in Qudian by 28.5%, now owning 302,316 shares valued at $853,000 after purchasing an additional 67,014 shares.

Oasis Management Co Ltd. significantly expanded its holdings in Qudian by 609.9% in the fourth quarter, acquiring 197,875 shares worth around $558,000 after buying an additional 170,000 shares. Meanwhile, Bank of America Corp DE raised its stake by 17.1%, now owning 54,351 shares valued at $153,000. BNP Paribas Financial Markets also boosted its holdings by 31.7% in the same quarter, owning 37,671 shares valued at $106,000. Overall, about 8.10% of the stock is held by institutional investors.

Company Overview

Qudian Inc. operates as a consumer technology firm based in the People's Republic of China. The company focuses on providing online platforms for small consumer credit products, and also engages in technology development, research and development services, and delivery services.

Considerations for Investors

Before deciding to invest in Qudian, potential investors should be aware that while the stock has received a hold rating among analysts, those with top ratings are currently recommending other options instead. MarketBeat, which tracks top research analysts, has identified five stocks they believe offer a better investment opportunity compared to Qudian.

Investors seeking to capitalize on the electric vehicle sector or interested in top-rated stocks should stay informed and conduct thorough research.

Qudian, Stocks, Earnings