DiDi Global Inc. [DIDI] Is Currently -3.14 below its 200 Period Moving Avg: What Does This Mean?


DiDi Global Inc. [NYSE: DIDI] closed the trading session at $1.85 on 06/03/22. The day’s price range saw the stock hit a low of $1.75, while the highest price level was $1.945. The company report on May 23, 2022 that DiDi Provides Notification to Delist its ADSs from NYSE.

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DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI), today announced that it has notified the New York Stock Exchange (the “NYSE”) of the Company’s decision to proceed with its delisting of the Company’s American Depositary Shares (“ADSs”) from the NYSE (the “Delisting”). The Company plans to file a Form 25 with the U.S. Securities and Exchange Commission on or after June 2, 2022, in order to delist its ADSs from the NYSE, which is expected to occur ten days thereafter upon the effectiveness of the Form 25. For more information regarding reasons for the Delisting, please refer to the Form 6-K that the Company furnished with the Securities and Exchange Commission on May 11, 2022.

The stocks have a year to date performance of -62.85 percent and weekly performance of 0.00 percent. The stock has been moved at -76.28 percent over the last six months. The stock has performed -8.42 percent around the most recent 30 days and changed -53.98 percent over the most recent 3-months.

If compared to the average trading volume of 58.93M shares, DIDI reached to a volume of 49620274 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $4.70 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 0.17, 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 0.29, with the Price to Cash per share for the same quarter was set at 1.70.

DIDI stock trade performance evaluation

DiDi Global Inc. [DIDI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, DIDI shares dropped by -8.42% in over the last four-week period, additionally sinking by -76.28% 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 50.52, with the RSI for the last a single of trading hit 55.28, and the three-weeks RSI is set at 46.52 for DiDi Global Inc. [DIDI]. The present Moving Average for the last 50 days of trading for this stock 2.0820, while it was recorded at 1.9080 for the last single week of trading, and 5.3243 for the last 200 days.

DiDi Global Inc. [DIDI]: An insightful look at the core fundamentals

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.

DiDi Global Inc. [DIDI]: Insider Ownership positions

There are presently around $1,022 million, or 13.30% of DIDI stock, in the hands of institutional investors. The top three institutional holders of DIDI stocks are: VANGUARD GROUP INC with ownership of 88,722,010, which is approximately 663.481% of the company’s market cap and around 11.87% of the total institutional ownership; GALILEO (PTC) LTD, holding 77,572,137 shares of the stock with an approximate value of $143.51 million in DIDI stocks shares; and DAVIS SELECTED ADVISERS, currently with $85.37 million in DIDI stock with ownership of nearly -2.821% of the company’s market capitalization.

Positions in DiDi Global Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 117 institutional holders increased their position in DiDi Global Inc. [NYSE:DIDI] by around 272,216,730 shares. Additionally, 95 investors decreased positions by around 210,405,017 shares, while 32 investors held positions by with 70,051,410 shares. The mentioned changes placed institutional holdings at 552,673,157 shares, according to the latest SEC report filing. DIDI stock had 61 new institutional investments in for a total of 96,743,147 shares, while 55 institutional investors sold positions of 91,477,750 shares during the same period.