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Should You Buy Qudian Inc. (NYSE:QD) Right Now? Here’s How to Decide

Qudian Inc. (NYSE:QD) Relative Strength Index (RSI) is 47.45, with weekly volatility at 8.81% and ATR at 0.15. The QD stock’s 52-week price range has touched low of $1.17 and a $3.82 high. Intraday shares traded counted 1.93 million, which was 67.42% higher than its 30-day average trading volume of 5.91M. Its shares traded higher over the last trading session, gaining 3.17% on 05/17/21. The shares fell to a low of $1.81 before closing at $1.95. QD’s previous close was $1.89 while the outstanding shares total 253.65M. The firm has a beta of 1.01, a 12-month trailing P/E ratio of 4.06.

Investors have identified the Credit Services company Qudian Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $470.07 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Qudian Inc. (QD) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.79 billion total, with 72.43 million as their total liabilities.

Is the stock of QD attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.

0 out of 3 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Qudian Inc.. 1 analysts has assigned a Sell rating on the QD stock. The 12-month mean consensus price target for the company’s shares has been set at $1.69.

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