DiDi Global (OTCMKTS:DIDIY) Shares Up 9.6% – Here’s Why

Shares of DiDi Global Inc. (OTCMKTS:DIDIY) rose 9.6% during mid-day trading on Thursday . The stock traded as high as $3.88 and last traded at $3.88. Approximately 7,456,156 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 7,084,615 shares. The stock had previously closed at $3.54.

DiDi Global Stock Performance

The firm has a market capitalization of $17.69 billion, a PE ratio of -48.50 and a beta of 0.50. The company’s 50-day moving average price is $3.53 and its 200-day moving average price is $3.89.

DiDi Global (OTCMKTS:DIDIY) last announced its earnings results on Tuesday, June 2nd. The ride-hailing company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $8.48 billion for the quarter, compared to analysts’ expectations of $8.56 billion. DiDi Global had a negative net margin of 1.11% and a positive return on equity of 4.99%. As a group, analysts anticipate that DiDi Global Inc. will post -0.02 earnings per share for the current year.

DiDi Global Company Profile

DiDi Global Inc, formerly known as Didi Chuxing, is a China-based mobility technology company that connects passengers, drivers and other transportation providers through digital platforms. Its core business is ride-hailing, including private-car services, taxi booking, express and premium rides, and other on-demand transportation options.

The company has also developed services such as carpooling, chauffeur services, bike and scooter sharing, vehicle leasing and fleet solutions. In addition, DiDi has offered technology and operational services for drivers, vehicle owners and transportation partners, with the goal of supporting mobility and transportation networks.

Founded in 2012 through the combination of two Chinese ride-hailing businesses, DiDi expanded beyond China into selected international markets, particularly in Latin America and other regions.