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Saturday, June 3, 2023

Analysts Point To Chindata Group Holdings Limited (NASDAQ: CD) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Chindata Group Holdings Limited (CD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.40%, to $4.97. The Chindata Group Holdings Limited has recorded 2,258 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Chindata Wins Data Center Design and Construction Award at the 2023 Datacloud Global Awards.

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Stocks Info

As a NASDAQ listed company, CD falls under the Technology sector while operating within the Information Technology Services industry segment. The current market capitalization of Chindata Group Holdings Limited is $2.00B. A total of 1.13 million shares were traded on the day, compared to an average of 1.03M shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CD in the last 3 months, the mean price target is $79.23 with high estimates of $100.05 and low estimates of $66.24. In terms of 52-week highs and lows, CD has a high of $9.21 and a low of $5.00.

As of this writing, CD has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CD’s latest balance sheet shows that the firm has $4.39B in Cash & Short Term Investments as of fiscal 2021. There were $5.78B in debt and $4.30B in liabilities at the time. Its Book Value Per Share was $4.33, while its Total Shareholder’s Equity was $10.11B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CD is Buy with a score of 5.00.

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