JD.com, Inc. (symbol ‘JD’) share price has incurred losses of around 12% in the second quarter. The company’s earnings report for the fiscal quarter ending June 2023 is set to be released on Wednesday 16th of August, before market open. The consensus EPS is $0.59 compared to the same quarter of last year at $0.49.
‘The company is not in its best form and this is also supported by some financial figures as of 31/03/2023. Even though EBITDA, which is earnings before interest, taxes, depreciation and amortization, is at $0.936B, a 146.32% increase year-over-year , the net income of the company is $0.912B, a 293.22% decline year-over-year. One factor that could explain this indifference is the high long term debt that the company has , which is near all time high, at $4.27B. What this means is that the company is paying large amounts on interest which affects the overall net income.’ said Antreas Themistokleous at Exness.
From the technical analysis perspective the price is trading in a slightly upward trading channel for the last couple of months. The price found sufficient resistance on the upper band of the Bollinger bands in mid June and late July without being able to trade outside of it indicating that the volatility in the market for the share of the company has somewhat decreased.
There are some minor indications on the daily chart of a potential move to the upside but they’re not very strong. First the Stochastic oscillator is near the extreme oversold levels potentially pointing to a minor correction to the upside in the near short term while the 50 day moving average is on the move to cross above the 100 day further supporting the narrative of a correction in the market for the share.
‘The company is not in its best form and this is also supported by some financial figures as of 31/03/2023. Even though EBITDA, which is earnings before interest, taxes, depreciation and amortization, is at $0.936B, a 146.32% increase year-over-year , the net income of the company is $0.912B, a 293.22% decline year-over-year. One factor that could explain this indifference is the high long term debt that the company has , which is near all time high, at $4.27B. What this means is that the company is paying large amounts on interest which affects the overall net income.’ said Antreas Themistokleous at Exness.
From the technical analysis perspective the price is trading in a slightly upward trading channel for the last couple of months. The price found sufficient resistance on the upper band of the Bollinger bands in mid June and late July without being able to trade outside of it indicating that the volatility in the market for the share of the company has somewhat decreased.
There are some minor indications on the daily chart of a potential move to the upside but they’re not very strong. First the Stochastic oscillator is near the extreme oversold levels potentially pointing to a minor correction to the upside in the near short term while the 50 day moving average is on the move to cross above the 100 day further supporting the narrative of a correction in the market for the share.