- Qudian stock is up 12% since June 15, the day it reported its latest results. Qudian disclosed its fourth consecutive quarterly profit and said its bad debts were under control.
- Shares are down 92% from its October 2017 IPO price, giving it a current market cap of $678 million.
- QD trades at a P/E ratio of 4.4, or less than half the 9.4 ratio for the broader industry.
- Qudian’s stock could be at a turning point, leaving investors to figure out which way it will go.
For further details see:
Fintech Qudian's Profits Boom, Loans Shrink As It Bets On Direct Lending Model