DiDi Global (OTCMKTS:DIDIY) Sets New 52-Week Low – What’s Next?

DiDi Global Inc. (OTCMKTS:DIDIY)’s share price reached a new 52-week low during trading on Friday. The company traded as low as $3.28 and last traded at $3.30, with a volume of 3,730,146 shares traded. The stock had previously closed at $3.41.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group started coverage on DiDi Global in a research report on Monday, September 28th. They set a “buy” rating and a $5.60 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

DiDi Global Price Performance

The business has a 50 day moving average price of $3.66 and a 200 day moving average price of $3.64. The stock has a market capitalization of $15.04 billion, a PE ratio of -165.00 and a beta of 0.53.

DiDi Global Company Profile

DiDi Global Inc, formerly known as Didi Chuxing, is a mobility technology company that operates a digital platform connecting passengers with transportation providers. Its services have included ride-hailing, taxi booking, private-car services, carpooling, designated driving, and other forms of urban transportation.

The company has also developed services related to bike and scooter sharing, intercity travel, freight and delivery, vehicle solutions, and transportation technology. DiDi’s operations have historically been concentrated in China, while its international mobility business has served selected markets across Latin America, Asia-Pacific and other regions.

Founded in 2012 through the combination of two Chinese ride-hailing businesses, DiDi expanded rapidly in China and acquired Uber’s China operations in 2016.