YRD Stock Summary and Trading Ideas (Yiren Digital Ltd. American Depositary Shares Each Representing Two | NYSE:YRD)

Yiren Digital Ltd is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. its mission is to elevate customers' financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. The company supports clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

Yiren Digital Ltd. American Depositary Shares Each Representing Two trades on the NYSE stock market under the symbol YRD.

As of April 29, 2024, YRD stock price declined to $5.02 with 132,863 million shares trading.

YRD has a beta of 0.44, meaning it tends to be less sensitive to market movements. YRD has a correlation of 0.01 to the broad based SPY ETF.

YRD has a market cap of $447.70 million. This is considered a Small Cap stock.

In the last 3 years, YRD stock traded as high as $6.60 and as low as $.67.

The top ETF exchange traded funds that YRD belongs to (by Net Assets): AVES.

YRD has outperformed the market in the last year with a price return of +136.8% while the SPY ETF gained +24.2%. However, in the short term, YRD had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.9% vs +4.1% return in SPY. But in the last 2 weeks, YRD shares have fared better than the market returning +3.9% compared to SPY +1.1%.

YRD support price is $4.90 and resistance is $5.26 (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 YRD stock will trade within this expected range on the day.