DiDi Global Inc. (OTCMKTS:DIDIY) Receives Average Recommendation of “Buy” from Brokerages

Shares of DiDi Global Inc. (OTCMKTS:DIDIY) have been assigned an average rating of “Buy” from the four research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.60.

Separately, Zacks Research upgraded shares of DiDi Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th.

DiDi Global Stock Performance

Shares of OTCMKTS DIDIY opened at $3.58 on Friday. The company has a market cap of $16.32 billion, a P/E ratio of -44.75 and a beta of 0.47. The firm’s fifty day moving average is $3.73 and its two-hundred day moving average is $4.49. DiDi Global has a 52-week low of $3.35 and a 52-week high of $6.99.

DiDi Global (OTCMKTS:DIDIY) last announced its quarterly earnings results on Tuesday, June 2nd. The ride-hailing company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $8.48 billion for the quarter, compared to the consensus estimate of $8.56 billion. DiDi Global had a negative net margin of 1.11% and a positive return on equity of 4.91%. As a group, analysts forecast that DiDi Global will post -0.02 EPS for the current fiscal year.

About DiDi Global

DiDi Global Inc is a technology company that operates a broad mobility and local services platform. The company is best known for its ride-hailing services, which connect passengers with drivers through its digital platform, and it has also expanded into related transportation and service offerings.

Founded in China, DiDi built its business around on-demand transportation and has since developed a wider ecosystem that includes taxi services, designated driver services, carpooling, and other mobility solutions.