The stock of JD.com, Inc. (NASDAQ:JD) is now priced at $78.64 and the shares are -1.32 points down or -1.65% lower compared to its previous closing price of $79.96. The stock had 12.713 million contracts set over the past session. JD shares’ daily volume is compared to its average trading volume at 13.359 million shares. However, it has a float of 1330 million and although its performance was 3.23% over the week, it’s one to watch. Analysts have given the JD stock a yearly average price target of $77.27 per share. It means the stock’s downside potential is -1.74% with the JD share price recently placing at $78.57 to $80.47. However, some brokerage firms have priced the stock below the average, including one that has called $¥273.82.
The shorts are climbing into the JD.com, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the JD shares have risen. Short interest in the stock represents just 2.86% of its float, but the volume has raised by 1069705. The volume of shorted shares rised to 37.99 million from 36.92 million shares over the last two weeks. The average intraday trading volume has been 8.879 million shares, which means that days to cover moved to roughly 4.278704.
In the last trading session, JD.com, Inc. (NASDAQ:JD) raised by $2.46 over the week and gained $14.11 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $81.45. The stock recorded its established 52-week high on 08/26/20.
Since 09/27/19, the stock has traded to a low of $27.47 at 186.28%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.97. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, JD.com, Inc.’s two-week RSI is 72.21. This suggests that the stock is oversold at the moment and that JD shares’ price movement remains not stable. The stochastic readings are equally revealing at 89.7% meaning the JD share price is currently in oversold territory.
The technical chart shows that the JD stock will likely settle at between $79.88 and $81.13 per share. However, if the stock dips below $77.98, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $77.33.
Currently, the stock is trading in the green of MACD, with a reading of 2.09. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Barclays though raised target price of JD stock from $79 to $83 but maintained Overweight recommendation in their August 24 review. Macquarie analysts upgraded their recommendation of the stock from Neutral to Outperform in a flash note released to investors on August 17. The Benchmark Company analysts see the stock as Buy. Nonetheless, the analysts revised the share prices up on May 18, placing it at $66 from $60.
The average rating for the JD equity is 1.76 and is currently gathering a bullish momentum. Of 41 analysts tracking JD.com, Inc. polled by Reuters, 3 rated JD as a hold. The remaining 38 analysts were split evenly. However, the split wasn’t equal as a majority (38) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the JD stock price is 35.86X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 38.1 below the group’s average of 69.7. JD.com, Inc. has its P/E ratio at 6.2, which means that the stock is currently trading at a discount relative to the 15.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for JD.com, Inc. (NASDAQ:JD) will decrease by about -88.73%, which will see them reach $24800 million. The company’s full-year revenues are, however, expected to increase by about 29.27%, up from $82400 million to $107000 million. JD’s expected adjusted earnings should surge almost 37.93% to end up at $0.4 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 51.46% to record $1.56/share.