Chindata Group Holdings Limited (CD): These Numbers are Too Good to be true – Invest Chronicle

Chindata Group Holdings Limited (CD): These Numbers are Too Good to be true

Let’s start up with the current stock price of Chindata Group Holdings Limited (CD), which is $7.30 to be very precise. The Stock rose vividly during the last session to $7.47 after opening rate of $7.15 while the lowest price it went was recorded $7.09 before closing at $7.19.Recently in News on June 1, 2022, Chindata Group released its financial & operation report for the first quarter of 2022: total capacity exceeded 700MW, revenue increased by 43.1%, exceeding market expectations for 7 straight quarters. Chindata Group (Nasdaq:CD), a leading carrier-neutral hyperscale data center solutions provider in Asia Pacific and its emerging markets, announced its unaudited financial & operation report for the first quarter as of March 31st, 2022. In the first quarter of 2022, Chindata Group recorded a revenue of RMB920 million, representing a year-on-year increase of 43.1%; Adjusted EBITDA was RMB490 million, representing a year-on-year increase of 60.7%; Net income reached RMB 90 million. You can read further details here

Chindata Group Holdings Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.75 on 03/18/22, with the lowest value was $3.75 for the same time period, recorded on 03/15/22.

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Chindata Group Holdings Limited (CD) full year performance was -50.75%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Chindata Group Holdings Limited shares are logging -54.69% during the 52-week period from high price, and 94.67% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.75 and $16.11.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1692868 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Chindata Group Holdings Limited (CD) recorded performance in the market was 9.10%, having the revenues showcasing -4.13% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.62B, as it employees total of 1315 workers.

The Analysts eye on Chindata Group Holdings Limited (CD)

During the last month, 8 analysts gave the Chindata Group Holdings Limited a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.04, with a change in the price was noted +2.97. In a similar fashion, Chindata Group Holdings Limited posted a movement of +67.65% for the period of last 100 days, recording 2,594,538 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CD is recording 0.54 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.34.

Technical rundown of Chindata Group Holdings Limited (CD)

Raw Stochastic average of Chindata Group Holdings Limited in the period of last 50 days is set at 90.58%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 84.97%. In the last 20 days, the company’s Stochastic %K was 79.20% and its Stochastic %D was recorded 78.99%.

Considering, the past performance of Chindata Group Holdings Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 9.10%. Additionally, trading for the stock in the period of the last six months notably improved by 13.95%, alongside a downfall of -50.75% for the period of the last 12 months. The shares increased approximately by 4.96% in the 7-day charts and went down by 11.47% in the period of the last 30 days. Common stock shares were lifted by -4.13% during last recorded quarter.

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