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Stock Alert: JD.com Shares Hit 52-Week High

Shares of JD.com Inc. (JD) hit a 52-week high of $51.01 on Friday, May 15, before closing at $50.85, up $1.89 or 3.86%. The stock has been trading in the range of $25.48 - $51.01 for the past one year, and is currently trading at $51.82, up $0.97 or 1.91% in the pre-market session.

On May 15, the company reported Q1 net income RMB 1.1 billion (US$0.2 billion) or RMB 0.72 (US$0.10) per ADS, compared to RMB7.3 billion or RMB 4.96 per ADS for the same period of last year.

Non-GAAP net income was RMB3.0 billion (US$0.4 billion), compared to RMB3.3 billion for the same period last year. Non-GAAP net income per ADS of RMB 1.98 for the quarter ended March 31, 2020, compared to RMB 2.23, last year.

First quarter net revenues were RMB 146.2 billion, an increase of 20.7% from the first quarter of 2019. Net product revenues increased by 19.7%, while net service revenues increased by 29.6% from last year.

Annual active customer accounts increased by 24.8% to 387.4 million in the twelve months ended March 31, 2020 from 310.5 million in the twelve months ended March 31, 2019. Mobile daily active users in March 2020 increased by 46% as compared to March 2019.

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