DiDi Global (OTCMKTS:DIDIY) Sets New 1-Year Low – Time to Sell?

DiDi Global Inc. (OTCMKTS:DIDIY) hit a new 52-week low on Thursday. The stock traded as low as $3.03 and last traded at $3.05, with a volume of 356,388 shares traded. The stock had previously closed at $3.10.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on DiDi Global in a research note on Monday, September 28th. They set a “buy” rating and a $5.60 target price for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.60.

DiDi Global Price Performance

The company has a market cap of $13.99 billion, a PE ratio of -153.50 and a beta of 0.53. The stock has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $3.86.

About DiDi Global

DiDi Global Inc is a China-based mobility technology company that operates a platform connecting passengers with transportation and delivery services. Its core business includes app-based ride-hailing, taxi services, private-car services, chauffeur services and designated-driver offerings. The company also provides vehicle-related services, including car rental and leasing, as well as bike-sharing and other mobility solutions in selected markets.

DiDi serves consumers, drivers, vehicle owners and business customers through mobile applications and technology platforms designed to facilitate transportation bookings, payments and fleet management.