Qudian (NYSE:QD) Shares Surge 6.1% - Is It Time to Invest?

Qudian Inc. (NYSE:QD) saw its stock price rise by 6.1% during midday trading on Friday. The shares climbed to a peak of $2.87 and ultimately closed the day at $2.88. A total of 189,808 shares were traded, marking a 23% decrease compared to the average session volume of 245,758 shares. The previous closing price was $2.71.

Qudian Stock Increase of 6.1%

The company's stock has a fifty-day moving average of $2.73 and a 200-day moving average of $2.24. Currently, Qudian holds a market capitalization of $576.73 million, a price-to-earnings (PE) ratio of 71.63, and a beta value of 0.76.

Recent Institutional Trading Activities

Recently, various institutional investors have adjusted their positions in Qudian. Notably, Dimensional Fund Advisors LP increased its holdings in the company by 31.4% during the second quarter, now owning 1,435,477 shares valued at approximately $2.84 million after acquiring an additional 343,294 shares. Moreover, the Healthcare of Ontario Pension Plan Trust Fund established a new position worth roughly $1.92 million in the same quarter. Connor Clark & Lunn Investment Management Ltd. and BNP Paribas Financial Markets have also added new positions, with the latter lifting its stake substantially by 248.8% during the third quarter. As a result, 8.10% of Qudian's shares are currently owned by institutional investors.

About Qudian Inc.

Qudian Inc. operates as a technology-focused company that caters to consumers primarily in the People's Republic of China. The firm is involved in the management of online platforms that offer small consumer credit products, along with providing technology development, research, and other related services.

Investment Considerations

If you are contemplating an investment of $1,000 in Qudian, be aware of the current market evaluations. Analysts have rated Qudian a "Hold" and believe that there may be better opportunities elsewhere. MarketBeat has identified several stocks that are attracting strong interest from top analysts as potentially stronger investments compared to Qudian.

In summary, while Qudian's recent share price increase may be encouraging, potential investors should conduct thorough research and consider various investment options before making decisions.

Qudian, Stock, Investment