Chindata Group Holdings Limited (NASDAQ:CD) marked $8.36 per share on Tuesday, down from a previous closing price of $8.50. While Chindata Group Holdings Limited has underperformed by -1.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CD rose by 83.33%, with highs and lows ranging from $9.08 to $3.75, whereas the simple moving average jumped by 17.16% in the last 200 days.
On March 07, 2022, Credit Suisse Upgraded Chindata Group Holdings Limited (NASDAQ: CD) to Outperform. A report published by Credit Suisse on December 13, 2021, Downgraded its rating to ‘Neutral’ for CD. JP Morgan also rated CD shares as ‘Overweight’, setting a target price of $18 on the company’s shares in an initiating report dated August 18, 2021. UBS initiated its ‘Buy’ rating for CD, as published in its report on December 17, 2020. Citigroup’s report from November 23, 2020 suggests a price prediction of $20 for CD shares, giving the stock a ‘Buy’ rating. Goldman also rated the stock as ‘Buy’.
Analysis of Chindata Group Holdings Limited (CD)
Further, the quarter-over-quarter increase in sales is 62.40%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Chindata Group Holdings Limited’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 6.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.83M can be a very valuable indicator of volatility for CD stock. On a monthly basis, the volatility of the stock is set at 5.46%, whereas on a weekly basis, it is put at 5.20%, with a loss of -4.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.58, showing growth from the present price of $8.36, which can serve as yet another indication of whether CD is worth investing in or should be passed over.
How Do You Analyze Chindata Group Holdings Limited Shares?
The China based company Chindata Group Holdings Limited (CD) is one of the biggest names in Information Technology Services. When comparing Chindata Group Holdings Limited shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 32.15, there is a growth in quarterly earnings of 200.00%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.64%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CD shares?
The recent increase in stakes in CD appears to be a result of several institutional investors and hedge funds increasing their positions. MY.Alpha Management made another increased to its shares in CD during the first quarter, upping its stake by 34.09%.
At the end of the first quarter, Krane Funds Advisors LLC decreased its CD holdings by -10.42% and now holds 5.84 million CD shares valued at $46.54 million with the lessened -0.68 million shares during the period. CD shares are owned by institutional investors to the tune of 48.70% at present.