DiDi Global (OTCMKTS:DIDIY – Get Free Report) released its quarterly earnings results on Tuesday. The ride-hailing company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01, Zacks reports. DiDi Global had a net margin of 0.43% and a return on equity of 7.87%.
DiDi Global Stock Up 2.6%
DiDi Global stock traded up $0.09 during mid-day trading on Tuesday, hitting $3.60. The company had a trading volume of 4,583,620 shares, compared to its average volume of 5,826,769. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 120.00 and a beta of 0.48. DiDi Global has a 1 year low of $3.35 and a 1 year high of $6.99. The business has a fifty day moving average of $3.76 and a 200 day moving average of $4.53.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of DiDi Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $8.60.
About DiDi Global
DiDi Global Inc is a technology company focused on mobility and local services. The company operates a digital platform that connects riders with drivers and offers a range of transportation options, including ride-hailing, taxi services, designated driving, and other mobility-related services. It also has offerings in areas such as food delivery, freight, and other local consumer services in select markets.
Founded in China, DiDi built its business around smartphone-based transportation services and expanded its platform beyond ride-hailing over time.
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