A Detailed Analysis Of Chindata Group Holdings Limited (CD)

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Chindata Group Holdings Limited (NASDAQ:CD) has seen 1.54 million shares traded in the last trading session. The company, currently valued at $3.27B, closed the last trade at $8.54 per share which meant it gained $0.05 on the day or 0.59% during that session. The CD stock price is -26.58% off its 52-week high price of $10.81 and 56.09% above the 52-week low of $3.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.48 million shares traded. The 3-month trading volume is 2.27 million shares.

Sporting 0.59% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 09/19/22 when the CD stock price touched $8.54 or saw a rise of 5.95%. Year-to-date, Chindata Group Holdings Limited shares have moved 29.59%, while the 5-day performance has seen it change -0.70%. Over the past 30 days, the shares of Chindata Group Holdings Limited (NASDAQ:CD) have changed 13.56%. Short interest in the company has seen 4.28 million shares shorted with days to cover at 1.71.

Chindata Group Holdings Limited (CD) estimates and forecasts

Figures show that Chindata Group Holdings Limited shares have outperformed across the wider relevant industry. The company’s shares have gained 16.03% over the past 6 months, with this year growth rate of 78.57%, compared to 13.60% for the industry. Revenue growth from the last financial year stood is estimated to be 44.70%.

1 analysts offering their estimates for the company have set an average revenue estimate of $148.53 million for the current quarter. 1 have an estimated revenue figure of $162.91 million for the next quarter concluding in Sep 2022.

CD Dividends

Chindata Group Holdings Limited is expected to release its next earnings report between March 22 and March 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Chindata Group Holdings Limited (NASDAQ:CD)’s Major holders

Insiders own 0.64% of the company shares, while shares held by institutions stand at 40.24% with a share float percentage of 40.51%. Investors are also buoyed by the number of investors in a company, with Chindata Group Holdings Limited having a total of 162 institutions that hold shares in the company. The top two institutional holders are Canada Pension Plan Investment Board with over 11.06 million shares worth more than $69.89 million. As of Mar 30, 2022, Canada Pension Plan Investment Board held 5.92% of shares outstanding.

The other major institutional holder is Sylebra Capital Ltd, with the holding of over 7.11 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $44.95 million and represent 3.81% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and Northern Lights Fd Tr-Altegris/AACA Opportunistic Real Estate Fd. As of Mar 30, 2022, the former fund manager holds about 2.60% shares in the company for having 4.86 million shares of worth $30.69 million while later fund manager owns 2.92 million shares of worth $18.49 million as of Mar 30, 2022, which makes it owner of about 1.57% of company’s outstanding stock.