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

DiDi Global Inc. (OTCMKTS:DIDIY)’s share price reached a new 52-week low during mid-day 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.

Analysts Set New Price Targets

Separately, Zacks Research upgraded DiDi Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $8.60.

DiDi Global Stock Up 0.3%

The firm has a fifty day moving average of $3.86 and a 200-day moving average of $4.64. The firm has a market cap of $15.86 billion, a P/E 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.