Dingdong (Cayman) Limited (NYSE:DDL – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $4.22, but opened at $4.12. Dingdong (Cayman) shares last traded at $3.98, with a volume of 1,732 shares.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley dropped their target price on shares of Dingdong (Cayman) from $4.50 to $2.60 in a report on Monday, October 31st.
Get Dingdong (Cayman) alerts:Dingdong (Cayman) Trading Down 4.5 %
The company has a market cap of $952.01 million, a price-to-earnings ratio of -2.86 and a beta of -1.26. The firm's 50-day moving average price is $3.62 and its 200 day moving average price is $4.40.
Dingdong (Cayman) (NYSE:DDL – Get Rating) last released its quarterly earnings results on Friday, November 11th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.11). Dingdong (Cayman) had a negative return on equity of 481.23% and a negative net margin of 8.51%. The firm had revenue of $835.39 million for the quarter, compared to analysts' expectations of $1.01 billion. Analysts forecast that Dingdong will post -0.44 earnings per share for the current fiscal year.Institutional Trading of Dingdong (Cayman)
Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Dingdong (Cayman) during the 3rd quarter worth approximately $37,000. Vident Investment Advisory LLC bought a new stake in Dingdong (Cayman) during the 1st quarter worth approximately $82,000. Jane Street Group LLC bought a new stake in Dingdong (Cayman) during the 2nd quarter worth approximately $85,000. Cetera Investment Advisers bought a new position in shares of Dingdong (Cayman) in the 1st quarter worth $106,000. Finally, Citigroup Inc. increased its holdings in shares of Dingdong (Cayman) by 46.2% in the 1st quarter. Citigroup Inc. now owns 48,629 shares of the company's stock worth $172,000 after buying an additional 15,357 shares during the last quarter. 28.58% of the stock is currently owned by hedge funds and other institutional investors.
About Dingdong (Cayman)
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Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh produce, meat, seafood, prepared food, and other food products, such as dairy and bakery products, snacks, oil, seasonings, and beverages. It operates as a self-operated online retail business primarily through Dingdong Fresh.
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