JD.com, Inc. (NASDAQ:JD) has been downgraded by UBS on January 31 which now rates the stock as Neutral compared with Buy rating suggested in the past. Analysts at Bernstein, started covering the stock on January 14 with a Mkt Perform rating. Analysts at Mizuho, made their first call about the stock on December 13, recommending it is Neutral. Nomura analysts came out with bearish views on November 20 when the call was made. They think the stock is now Neutral compared to to their prior call for Buy.
JD.com, Inc. (JD) hit an intraday high Friday at $24.28. The shares finished at $23.99, after trading as low as $23.6 earlier in the session. It rose 0.04% in recent trade and currently has a stock-market value of $34.39B. Trading activity significantly weakened as the volume at ready counter decreased to 8,209,792 shares versus 14,673,675 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 15,599,004 shares. The stock is now 24.88% above against its bear-market low of $19.21 on November 23, 2018. It has retreated -104.25% since it’s 52-week high of $49 reached in February. Now the market price is down -45.96% on the year and up 14.62% YTD.
JD’s 50 day simple moving average (SMA 50) price is $22.24 and its 200-day simple moving average (SMA 200) price is $29.49. The company’s stock currently has a total float of 1.18B shares. Its weekly volatility is hovering around 3.98% and felt 4.03% volatility in price over a month. On the upside, the share price will test short term resistance at around $24.31. On a downside, the stock is likely to find some support, which begins at $23.63. The failure to get near-term support could push it to $23.28.
Wall Street’s most bullish JD.com, Inc. (NASDAQ:JD) analysts are predicting the share price to blow past $41 per share during the next 12 months. The current median share price forecast by them is $25, suggesting that the stock could increase 4.21% in that time frame. The average price target of $26.99 calls for a nearly 12.51% increase in the stock price.
When looking at valuations, JD.com, Inc. (JD) has a pricey P/E of 181.74x as compared to industry average of 32.59x. Moreover, it trades for 44.84 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.66x price/book and 0.53x price/sales. Compared to others, JD.com, Inc. is in a different league with regards to profitability, having net margins of 0.3%. To put some perspective around this, the industry’s average net margin is 24.92%. JD’s ROE is 2.5%, which is also considerably worse than the industry’s ROE of 20.34%. It’s also not liquid in the near term, with a current ratio of 0.9. The stock has a debt/capital of 0.3.
Shares of JD.com, Inc. (JD) have gained 4.1% since the company’s last earnings report. Over the past 11 fiscal quarters, JD.com, Inc. (NASDAQ:JD) has topped consensus earnings estimates in 5 quarters (41%), missed earnings in 5 quarters (41%), whereas at 1 occasion EPS met analyst expectations. JD last reported earnings on November 19, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.8 per share, -93.21% change on the same period last year. That was better than consensus for $0.72. Revenue for the recent quarter stood at $104.77 billion, up 25% on last year and below the $106.22 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $115.88 billion to $123.47 billion, which should be compared with $120.75 billion generated last year. EPS is seen in a range of $0.2 to $0.96, against the $1.87 reported a year ago.