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Why JD.com Inc. (JD) Stock Could See Much Higher Prices Ahead

JD.com Inc. (NASDAQ: JD) is 7.66% higher on its value in year-to-date trading and has touched a low of $33.17 and a high of $79.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JD stock was last observed hovering at around $59.42 in the last trading session, with the day’s gains setting it 1.01% off its average median price target of $555.61 for the next 12 months. It is also 91.48% off the consensus price target high of $708.99 offered by 49 analysts, but current levels are 86.04% higher than the price target low of $432.80 for the same period.

Currently trading at $60.43, the stock is 0.28% and 6.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.83 million and changing 1.70% at the moment leaves the stock 8.07% off its SMA200. JD registered -14.31% loss for a year compared to 6-month loss of -5.59%.

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The stock witnessed a 5.67% gain in the last 1 month and extending the period to 3 months gives it a 46.60%, and is -4.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 3.89% over the month.

JD.com Inc. (JD) has around 385357 employees, a market worth around $93.53B and $151.57B in sales. Current P/E ratio is 323.16 and Fwd P/E is 19.81. Profit margin for the company is 0.20%. Distance from 52-week low is 82.18% and -23.74% from its 52-week high. The company has generated returns on investments over the last 12 months (0.80%).

JD.com Inc. (JD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for JD.com Inc. (JD) is a “Buy”. 49 analysts offering their recommendations for the stock have an average rating of 1.80, where 5 rate it as a Hold and 6 think it is a “Overweight”. 37 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

JD.com Inc. is expected to release its quarterly report on 05/10/2023.The EPS is expected to shrink by -107.20% this year.

JD.com Inc. (JD) Top Institutional Holders

The shares outstanding are 1.56B, and float is at 1.30B with Short Float at 1.13%.

JD.com Inc. (JD): Who are the competitors?

The company’s main competitors (and peers) include LightInTheBox Holding Co. Ltd. (LITB) that is trading 11.50% up over the past 12 months and Alibaba Group Holding Limited (BABA) that is -6.17% lower over the same period. Leju Holdings Limited (LEJU) is -80.90% down on the 1-year trading charts.

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