DiDi Global Inc. [DIDI] Is Currently -10.31 below its 200 Period Moving Avg: What Does This Mean?


DiDi Global Inc. [NYSE: DIDI] loss -10.31% or -0.2 points to close at $1.74 with a heavy trading volume of 41457957 shares. The company report on May 2, 2022 that DiDi Files Its Annual Report on Form 20-F for Fiscal Year 2021.

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DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on May 2, 2022.

The annual report can be accessed on the Company’s investor relations website at https://ir.didiglobal.com. The Company will also provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

It opened the trading session at $1.87, the shares rose to $1.89 and dropped to $1.74, the range by which the price of stock traded the whole day. The daily chart for DIDI points out that the company has recorded -78.88% loss over the past six months. However, it is still -5.45% lower than its most recent low trading price.

If we look at the average trading volume of 53.22M shares, DIDI reached to a volume of 41457957 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about DiDi Global Inc. [DIDI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DIDI shares is $6.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DIDI stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Bernstein have made an estimate for DiDi Global Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 14, 2022. The new note on the price target was released on July 26, 2021, representing the official price target for DiDi Global Inc. stock.

The Average True Range (ATR) for DiDi Global Inc. is set at 0.21, with the Price to Sales ratio for DIDI stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 1.58.

Trading performance analysis for DIDI stock

DiDi Global Inc. [DIDI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.45. With this latest performance, DIDI shares dropped by -33.08% in over the last four-week period, additionally sinking by -78.88% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DIDI stock in for the last two-week period is set at 34.62, with the RSI for the last a single of trading hit 32.02, and the three-weeks RSI is set at 36.36 for DiDi Global Inc. [DIDI]. The present Moving Average for the last 50 days of trading for this stock 2.7684, while it was recorded at 1.9400 for the last single week of trading, and 6.0237 for the last 200 days.

DiDi Global Inc. [DIDI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and DiDi Global Inc. [DIDI] shares currently have an operating margin of -26.26 and a Gross Margin at +5.43. DiDi Global Inc.’s Net Margin is presently recorded at -28.39.

Return on Equity for this stock declined to -258.21, with Return on Assets sitting at -32.89.

DiDi Global Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.

An analysis of insider ownership at DiDi Global Inc. [DIDI]

100 institutional holders increased their position in DiDi Global Inc. [NYSE:DIDI] by around 208,203,425 shares. Additionally, 91 investors decreased positions by around 62,713,379 shares, while 37 investors held positions by with 240,814,830 shares. The mentioned changes placed institutional holdings at 511,731,634 shares, according to the latest SEC report filing. DIDI stock had 51 new institutional investments in for a total of 149,108,590 shares, while 56 institutional investors sold positions of 39,106,040 shares during the same period.