In yesterday’s Wall Street session, Chindata Group Holdings Limited (NASDAQ:CD) shares traded at $8.35, down -0.60% from the previous session.
5 analysts cover Chindata Group Holdings Limited (NASDAQ:CD), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $103.72 and a low of $62.22, we find $74.29. Given the previous closing price of $8.40, this indicates a potential upside of 784.4 percent. CD stock price is now 10.30% away from the 50-day moving average and 17.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
The stock has received a hold rating from 1 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $79.35 as their price target over the next twelve months.
With the price target maintained at $8.30, Credit Suisse recently Upgraded its rating from Neutral to Outperform for Chindata Group Holdings Limited (NASDAQ: CD).
A total of 0.59% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CD stock. A new stake in Chindata Group Holdings Limited shares was purchased by MAVEN SECURITIES LTD during the first quarter worth $3,652,000. BARDIN HILL MANAGEMENT PARTNERS LP invested $3,519,000 in shares of CD during the first quarter. In the first quarter, CORBIN CAPITAL PARTNERS, L.P. acquired a new stake in Chindata Group Holdings Limited valued at approximately $2,277,000. PENTWATER CAPITAL MANAGEMENT LP acquired a new stake in CD for approximately $2,029,000. GABELLI FUNDS LLC purchased a new stake in CD valued at around $1,766,000 in the second quarter. In total, there are 136 active investors with 48.70% ownership of the company’s stock.
On Tuesday morning Chindata Group Holdings Limited (NASDAQ: CD) stock kicked off with the opening price of $8.34. During the past 12 months, Chindata Group Holdings Limited has had a low of $4.86 and a high of $9.21. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 2.30, and a quick ratio of 2.30. The fifty day moving average price for CD is $7.62 and a two-hundred day moving average price translates $7.13 for the stock.
The latest earnings results from Chindata Group Holdings Limited (NASDAQ: CD) was released for Mar, 2023. The net profit margin was 16.00% and return on equity was 7.50% for CD. The company reported revenue of $210.2 million for the quarter, compared to $145.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.74 percent.
Chindata Group Holdings Limited(CD) Company Profile
Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process. The company was formerly known as BCPE Bridge Stack Limited and changed its name to Chindata Group Holdings Limited in April 2020. Chindata Group Holdings Limited was founded in 2015 and is headquartered in Beijing, China.
