Chindata Group - CD Stock Forecast, Price & News

0 brokerages have issued twelve-month price targets for Chindata Group's shares. Their CD share price forecasts range from $8.90 to $8.90. On average, they expect the company's stock price to reach $8.90 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
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Chindata Group's stock was trading at $7.97 at the beginning of the year. Since then, CD shares have decreased by 20.2% and is now trading at $6.36.
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Chindata Group saw a increase in short interest in February. As of February 28th, there was short interest totaling 5,750,000 shares, an increase of 17.3% from the February 13th total of 4,900,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is currently 4.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
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Chindata Group Holdings Limited (NASDAQ:CD) posted its quarterly earnings results on Tuesday, November, 23rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.25. The company had revenue of $114.97 million for the quarter, compared to the consensus estimate of $111.21 million. Chindata Group had a net margin of 14.23% and a trailing twelve-month return on equity of 6.20%. During the same period in the prior year, the firm posted ($0.08) EPS.

ETFs with the largest weight of Chindata Group (NASDAQ:CD) stock in their portfolio include Wedbush ETFMG Global Cloud Technology ETF (IVES), KraneShares MSCI China Clean Technology Index ETF (KGRN), iShares MSCI China Small-Cap ETF (ECNS), Roundhill IO Digital Infrastructure ETF (BYTE), KraneShares CSI China Internet ETF (KWEB), First Trust International IPO ETF (FPXI), Invesco Golden Dragon China ETF (PGJ) and AAM Transformers ETF (TRFM).

Chindata Group issued an update on its FY 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $852.52 million-$881.52 million.

(CD) raised $500 million in an initial public offering (IPO) on Wednesday, September 30th 2020. The company issued 40,000,000 shares at a price of $11.50-$13.50 per share. Morgan Stanley and Citigroup acted as the underwriters for the IPO and UBS Investment Bank and China Renaissance were co-managers.

Chindata Group trades on the NASDAQ under the ticker symbol "CD."

Chindata Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include MY.Alpha Management HK Advisors Ltd (2.80%), Sylebra Capital Ltd (1.66%), Norges Bank (0.78%), Carmignac Gestion (0.53%), Harbor Spring Capital LLC (0.46%) and Morgan Stanley (0.38%).

Shares of CD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CD stock can currently be purchased for approximately $6.36.

Chindata Group (NASDAQ:CD) has a market capitalization of $2.33 billion and generates $659.93 million in revenue each year. The company earns $94.48 million in net income (profit) each year or $0.26 on an earnings per share basis.

The company employs 1,315 workers across the globe.

The official website for the company is www.chindatagroup.com. The company can be reached via phone at 00-86-40-0879-7679.