DiDi Global (OTCMKTS:DIDIY) Hits New 52-Week Low – Should You Sell?

DiDi Global Inc. (OTCMKTS:DIDIY)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $3.03 and last traded at $3.05, with a volume of 356,388 shares changing hands. The stock had previously closed at $3.10.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group assumed coverage on shares of DiDi Global in a research note on Monday, September 28th. They issued a “buy” rating and a $5.60 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, DiDi Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

DiDi Global Price Performance

The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of -151.50 and a beta of 0.53. The stock’s 50 day simple moving average is $3.52 and its 200-day simple moving average is $3.84.

About DiDi Global

DiDi Global Inc is a China-based mobility technology company that operates a platform connecting passengers with transportation and delivery services. Its core business includes app-based ride-hailing, taxi services, private-car services, chauffeur services and designated-driver offerings. The company also provides vehicle-related services, including car rental and leasing, as well as bike-sharing and other mobility solutions in selected markets.

DiDi serves consumers, drivers, vehicle owners and business customers through mobile applications and technology platforms designed to facilitate transportation bookings, payments and fleet management.