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Chindata Group Holdings Limited (CD) – Don’t Be So Quick to Call it Dead

Chindata Group Holdings Limited (NASDAQ: CD) is -37.89% lower on its value in year-to-date trading and has touched a low of $5.00 and a high of $9.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CD stock was last observed hovering at around $5.12 in the last trading session, with the day’s loss setting it -0.17% off its average median price target of $77.51 for the next 12 months. It is also 95.05% off the consensus price target high of $100.05 offered by 10 analysts, but current levels are 92.53% higher than the price target low of $66.24 for the same period.

Currently trading at $4.95, the stock is -16.67% and -21.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -3.32% at the moment leaves the stock -31.85% off its SMA200. CD registered -20.42% loss for a year compared to 6-month loss of -25.00%. The firm has a 50-day simple moving average (SMA 50) of $0.69 and a 200-day simple moving average (SMA200) of $1.49.

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The stock witnessed a -18.05% gain in the last 1 month and extending the period to 3 months gives it a -34.09%, and is -18.05% 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 7.42% over the week and 5.07% over the month.

Chindata Group Holdings Limited (CD) has around 1450 employees, a market worth around $2.00B and $647.00M in sales. Current P/E ratio is 19.57. Profit margin for the company is 14.30%. Distance from 52-week low is -1.00% and -46.25% from its 52-week high. The company has generated returns on investments over the last 12 months (4.60%).

Chindata Group Holdings Limited (CD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Chindata Group Holdings Limited (CD) is a “Buy”. 10 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Chindata Group Holdings Limited is expected to release its quarterly report on 08/24/2023.The EPS is expected to grow by 104.90% this year

Chindata Group Holdings Limited (CD) Top Institutional Holders

The shares outstanding are 358.37M, and float is at 92.02M with Short Float at 4.29%.

Chindata Group Holdings Limited (CD): Who are the competitors?

The company’s main competitors (and peers) include Microsoft Corporation (MSFT) that is trading 20.41% up over the past 12 months and Amazon.com Inc. (AMZN) that is 8.55% higher over the same period. Verizon Communications Inc. (VZ) is -27.78% down on the 1-year trading charts.

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