Qudian Inc ADR (NYSE: QD) Plunges -1.01% And Its 7.97% Stock Volatility Is Bewildering

Qudian Inc ADR (NYSE:QD) does about 694.60K shares in volume on a normal day but saw 255408 shares change hands in the recent trading day. The company now has a market cap of 403.10M USD. Its current market price is $2.93, marking a decrease of -1.01% compared to the previous close of $2.96. The 52 week high reached by this stock is $3.20 whilst the lowest price level in 52 weeks is $1.52.

Qudian Inc ADR (QD) has a 20-day trading average at $2.90 and the current price is -8.41% off the 52-week high compared with 92.76% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.56 and its 200-day simple moving average is $2.16. If we look at the stock’s price movements over the week, volatility stands at 7.97%, which increases to 8.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.08 to suggest the stock is neutral.

The consensus objective for the share price is $1.05, suggesting that the stock has a potential downside of -179.05% over the period.

The current price level is 0.93%, 14.30%, and 35.72% away from its SMA20, SMA50, and SMA200 respectively, with the QD price moving below the 50-day SMA on current market day. Qudian Inc ADR (QD) stock is up 10.53% over the week and 25.64% over the past month. Its price is 44.12% year-to-date and 37.38% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to shrink -179.05 percent from here.

Outstanding shares total 137.11M with insiders holding 12.31% of the shares and institutional holders owning 12.18% of the company’s common stock. The company has a return on investment of 0.35% and return on equity of 0.35%. The price to earnings ratio (P/E ratio) amounts to 73.32. The beta has a value of 0.75. Price to book ratio is 0.25 and price to sales ratio is 12.05.