Qudian's Stock Price Drops 1.64% Amid Higher P/E Ratio Than Industry Average

Qudian Inc. (NYSE:QD) stock price is at $4.81, after a 1.64% decrease. However, over the past month, the company's stock spiked by 0.43%, and in the past year, by 55.81%. The P/E ratio measures the current share price to the company's EPS, with Qudian Inc. having a higher P/E ratio of 19.87 compared to the aggregate P/E ratio of 18.39 in the Consumer Finance industry. This suggests that investors expect Qudian Inc. to perform better in the future, but the stock may be overvalued.