JD.com (JD) has risen sharply, recording gains of 1.24% in the past 4 weeks. However, the stock has corrected -0.53% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.33% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.05% and the 50-Day Moving Average is 10.1%.The 200 Day SMA reached 2.75% JD.com, Inc. is up 30.3% in the last 3-month period. Year-to-Date the stock performance stands at -18.7%.
JD.com (JD) : 11 investment research analysts covering JD.com (JD) have an average price target of $30.55 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $27 for the short term. Analysts expect the variance to be within $3.08 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. JD.com (NASDAQ:JD): The stock opened at $26.23 and touched an intraday high of $26.55 on Friday. During the day, the stock corrected to an intraday low of $26.01, however, the bulls stepped in and pushed the price higher to close in the green at $26.23 with a gain of 0.38% for the day. The total traded volume for the day was 11,428,241. The stock had closed at $26.23 in the previous trading session.
JD.com, Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in Peoples republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Companys Website to customers. The Company has approximately 518 million product reviews generated by its customers. The Company operates approximately 123 warehouses with an aggregate gross floor area of approximately 2.2 million square meters in 40 cities and 3,210 delivery stations and pickup stations in 1,862 counties and districts across China. The Company provides same-day delivery in approximately 134 counties and districts and next-day delivery in approximately 866 counties and districts across China.