DiDi Global (OTCMKTS:DIDIY) Shares Up 9.6% – Still a Buy?

DiDi Global Inc. (OTCMKTS:DIDIYGet Free Report)’s stock price was up 9.6% during mid-day trading on Thursday . The company traded as high as $3.88 and last traded at $3.88. Approximately 7,456,156 shares traded hands during trading, an increase of 5% from the average daily volume of 7,084,615 shares. The stock had previously closed at $3.54.

DiDi Global Stock Up 2.3%

The firm has a market capitalization of $18.23 billion, a P/E ratio of -50.00 and a beta of 0.50. The company has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $3.88.

DiDi Global (OTCMKTS:DIDIYGet Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The ride-hailing company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $8.48 billion during the quarter, compared to the consensus estimate of $8.56 billion. DiDi Global had a positive return on equity of 4.99% and a negative net margin of 1.11%. As a group, equities analysts expect that DiDi Global Inc. will post -0.02 earnings per share for the current fiscal year.

DiDi Global Company Profile

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DiDi Global Inc, formerly known as Didi Chuxing, is a mobility technology company that connects consumers and drivers through digital platforms. Its services include ride-hailing, taxi booking, private-car and chauffeur services, and other transportation options, depending on the market.

The company also operates or has developed services related to bike sharing, car rental, freight transportation and delivery, and electric-vehicle solutions. DiDi uses mobile applications and technology platforms to support trip matching, payments, navigation, safety features, and transportation management.

Founded in China in 2012 through the combination of two competing ride-hailing businesses, DiDi expanded beyond China into selected markets in Latin America and other regions.

Further Reading

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