DiDi Global (OTCMKTS:DIDIY) Hits New 12-Month Low – What’s Next?

Shares of DiDi Global Inc. (OTCMKTS:DIDIY) hit a new 52-week low during trading on Friday . The stock traded as low as $3.35 and last traded at $3.40, with a volume of 2322008 shares. The stock had previously closed at $3.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised DiDi Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $8.60.

DiDi Global Price Performance

The firm has a 50 day simple moving average of $3.86 and a 200-day simple moving average of $4.64. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 116.00 and a beta of 0.49.

About DiDi Global

DiDi Global Inc is a China-based mobility technology platform that provides a range of transportation and related services through its digital ecosystem. The company is best known for its ride-hailing marketplace, which connects riders with drivers, and it has expanded into additional offerings such as taxi hailing, designated driving, carpooling, and other mobility solutions.

In addition to core ride-hailing services, DiDi has developed products and services that support drivers, vehicle owners, and fleet operators, and it has also worked on adjacent areas such as autonomous driving and electric vehicle initiatives.