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- 1 Chindata Group Holdings Ltd (NASDAQ: CD) stock added more than 12.29% to its trading price on July 10.
- 2 CD stock price surged more than 12.60% and 12.14% on the weekly and monthly time frame.
Chindata Group Holdings Ltd (NASDAQ: CD) stock added more than 12.29% to its trading price in the July 10 trading session; it opened trading at $8.10, lowering to $8.07, it hit a high of $8.15 and closed trading at $8.13 with intraday trading volume of 111.34k.
CD stock price surged more than 12.60% and 12.14% on the weekly and monthly time frame. Prices surged more on Monday than in the last few trading sessions indicating that buyers outweigh sellers.
Since mid of April 2023, CD stock has been moving sideways, but on June 9, the price jumped more than 23% compared to the May 31 trading session.
The annual price target of CD stock is $11.41, which is around 40.37% greater than the current trading price. In the 52 weeks time frame, the lowest trading price of CD stock was $4.86, and highest trading price was $9.21.
In the May 18 trading session, CD stock fell over 3.31%, and on May 19, it shed around 9%. Per the monthly moving average of Chindata Group Holdings Ltd, the buyers are likely going to hold on to the stock and more buying pressure will follow.
The oscillators also indicate buying pressure up ahead, similar to the analysts’ rating as per TradingView. The exponential moving average value is $7.04, simple moving average is $6.66, and both are giving bullish signals.
Chindata Group Holdings Ltd. (NASDAQ: CD) Earnings & Revenue
In Q1 2023, Chindata Group Holdings Ltd. reported 3.89% less revenue than estimated figures. The estimated value was $218.65 Million, while the reported value was $210.14 Million.
Despite negative revenue, the company reported 23.93% more EPS than the estimation. The estimated revenue for Q1 was $0.04, but the reported EPS was $0.05. As per analysts, in Q2 and Q3 2023, the company might report $0.04 in EPS.
The estimated revenue for Q2 and Q3 2023 is $207.48 Million and $222.14 Million, respectively. Most Chindata Group Holdings Ltd. revenue is generated from Colocation Service, Colocation Rental, and others.
The company operates in China, Southeast Asia, and India, including numerous other nations of Asia-Pacific. The revenue-to-profit conversion of the company includes 41% gross profit, 45% of earnings before interest, taxes, depreciation, and amortization (EBITDA), 26% of earnings before interest and taxes (EBIT), and 14% net income.
The reported revenue of Q1 2023 includes $91.09 Million gross profit, $66.66 Million operating income, $53.00 Million pretax income, and $36.97 Million net income. In the same quarter, the company’s profit margin was 17.52%.
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The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
