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

DiDi Global Inc. (OTCMKTS:DIDIY) hit a new 52-week low on Thursday. The company traded as low as $3.03 and last traded at $3.0750, with a volume of 247,032 shares. The stock had previously closed at $3.12.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on DiDi Global in a report on Monday, September 28th. They issued a “buy” rating and a $5.60 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

DiDi Global Stock Up 1.3%

The stock has a market cap of $14.09 billion, a P/E ratio of 152.50 and a beta of 0.53. The business’s 50-day simple moving average is $3.60 and its two-hundred day simple moving average is $3.61.

DiDi Global Company Profile

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.