DiDi Global (OTCMKTS:DIDIY) Reaches New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on DiDi Global in a research report on Monday, September 28th. They set a “buy” rating and a $5.60 price target on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

DiDi Global Stock Performance

The firm’s 50 day moving average price is $3.66 and its 200-day moving average price is $3.64. The firm has a market capitalization of $15.04 billion, a PE ratio of -165.00 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.