DiDi Global (OTCMKTS:DIDIY) Reaches New 12-Month Low – Here’s What Happened

DiDi Global Inc. (OTCMKTS:DIDIY)’s stock price hit a new 52-week low on Friday. The stock traded as low as $3.28 and last traded at $3.30, with a volume of 3,730,146 shares. The stock had previously closed at $3.41.

Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on shares of DiDi Global in a research report on Monday, September 28th. They issued a “buy” rating and a $5.60 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.60.

DiDi Global Price Performance

The firm’s 50-day moving average price is $3.65 and its 200-day moving average price is $3.64. The stock has a market cap of $15.09 billion, a P/E ratio of -165.50 and a beta of 0.53.

About DiDi Global

DiDi Global Inc, formerly known as Didi Chuxing, is a mobility technology company that operates a digital platform connecting passengers with transportation providers. Its services have included ride-hailing, taxi booking, private-car services, carpooling, designated driving, and other forms of urban transportation.

The company has also developed services related to bike and scooter sharing, intercity travel, freight and delivery, vehicle solutions, and transportation technology. DiDi’s operations have historically been concentrated in China, while its international mobility business has served selected markets across Latin America, Asia-Pacific and other regions.

Founded in 2012 through the combination of two Chinese ride-hailing businesses, DiDi expanded rapidly in China and acquired Uber’s China operations in 2016.