Dingdong (Cayman) (NYSE:DDL) Sees Unusually-High Trading Volume

Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,551,822 shares changed hands during trading, an increase of 358% from the previous session's volume of 338,628 shares.The stock last traded at $2.14 and had previously closed at $1.87.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on Dingdong (Cayman) from $1.40 to $1.15 and set an "underweight" rating for the company in a research report on Tuesday, March 5th.

Dingdong (Cayman) Price Performance

The stock has a market cap of $509.08 million and a PE ratio of -34.42. The company has a 50 day moving average price of $1.31 and a two-hundred day moving average price of $1.50.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The firm had revenue of $703.31 million during the quarter, compared to analysts' expectations of $700.70 million. Dingdong (Cayman) had a negative return on equity of 11.16% and a negative net margin of 0.51%. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, equities analysts predict that Dingdong will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dingdong (Cayman) stock. Vanguard Group Inc. raised its stake in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,849,609 shares of the company's stock after purchasing an additional 17,900 shares during the period. Vanguard Group Inc. owned 2.05% of Dingdong (Cayman) worth $5,917,000 as of its most recent SEC filing. Institutional investors own 24.66% of the company's stock.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.

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