JD.com, Inc. (JD) Is Getting Caught In Chinese Market Pullback

The JD stock price fluctuated between $65.29 and $69.95 throughout the trading session with the volume trading being 40M shares, which represented a positive variation when compared to the three months average volume of 11M shares.

The share price of JD.com, Inc. (NasdaqGS:JD) dipped -8.59% to close Tuesday’s market session at $66.08, lower as compared to yesterday’s close which brings the market valuation of the company to $103.02B.

The 52-week high for the JD.com, Inc.’s shares is $108.29. That puts it -38.98% from that peak but still a good gain since the share price dropped to a 52-week low of $59.90, while the S&P 500’s share price change was of 35%.

The company currently has a 13.01 P/E ratio and a price target of $103.24.

What does the trading volume tell us about the JD stock?

During the last trading session, JD.com, Inc. (NasdaqGS:JD) has seen decay in its daily volume. The daily volume was of 11M, while in the last 10 days the average was 8.93M and last three months – 11.04M.
The decreasing interest in the JD stock from the investors is helping to drive the stock price down.

Shrinking short interest

The JD.com, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 28.27M shares being shorted which translates into 2.51 of a short ratio for JD, while in the previous month the shorted shares were 28.81M.

JD.com, Inc. (NasdaqGS:JD) financials

With a market cap of 103.02B, JD.com, Inc. holds a total cash of $134.88B that translates into $87.19 per share, while the total debt is of $32.85B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 39.00%. The current revenue is of $802.77B that is $523.49 per share.
This is a great sign for a bright future.