QD Stock Summary and Trading Ideas (Qudian American Depositary Shares Each Representing One Class A Ordinary Share | NYSE:QD)

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. It aims to empower financial institutions with its technological capabilities, help them improve marketing and operating efficiency, and enable financial institutions to efficiently connect their diversified financial products with scene traffic across the entire network It derives a majority of its revenue from the People's Republic of China.

Qudian American Depositary Shares Each Representing One Class A Ordinary Share trades on the NYSE stock market under the symbol QD.

As of May 10, 2024, QD stock price declined to $2.09 with 689,600 million shares trading.

QD has a beta of 1.10, meaning it tends to be more sensitive to market movements. QD has a correlation of 0.07 to the broad based SPY ETF.

QD has a market cap of $395.85 million. This is considered a Small Cap stock.

In the last 3 years, QD stock traded as high as $2.85 and as low as $.63.

The top ETF exchange traded funds that QD belongs to (by Net Assets): PGJ, EWX, AVES, AVEM, GXC.

QD has outperformed the market in the last year with a return of +63.3%, while the SPY ETF gained +28.4%. However, in the most recent history, QD shares have underperformed the stock market with its stock returning -9.5% in the last 3 month period and -14.0% for the last 2 week period, while SPY has returned +4.2% and +3.4%, respectively.

QD support price is $2.21 and resistance is $2.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QD stock will trade within this expected range on the day.