Pinduoduo Inc. (NASDAQ:PDD) went up by 5.51% from its latest closing price compared to the recent 1-year high of $155.61. The company’s stock price has collected 0.08% of gains in the last five trading sessions. Press Release reported on 11/18/20 that Pinduoduo announces pricing of convertible notes and equity offerings, set to raise US$6.1 billion including over-allotment
Is It Worth Investing in Pinduoduo Inc. (NASDAQ :PDD) Right Now?
Opinions of the stock are interesting as 21 analysts out of 36 who provided ratings for Pinduoduo Inc. declared the stock was a “buy,” while 5 rated the stock as “overweight,” 6 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $952.72, which is -$9.22 below the current price. PDD currently public float of 698.32M and currently shorts hold a 4.76% ratio of that float. Today, the average trading volume of PDD was 8.46M shares.
PDD’s Market Performance
PDD stocks went up by 0.08% for the week, with a monthly jump of 57.24% and a quarterly performance of 59.55%, while its annual performance rate touched 298.29%. The volatility ratio for the week stands at 6.82% while the volatility levels for the past 30 days are set at 6.97% for Pinduoduo Inc.. The simple moving average for the period of the last 20 days is 12.11% for PDD stocks with a simple moving average of 94.43% for the last 200 days.
Analysts’ Opinion of PDD
Many brokerage firms have already submitted their reports for PDD stocks, with Nomura repeating the rating for PDD by listing it as a “Buy.” The predicted price for PDD in the upcoming period, according to Nomura is $192 based on the research report published on November 16th of the current year 2020.
BofA Securities, on the other hand, stated in their research note that they expect to see PDD reach a price target of $160, previously predicting the price at $80. The rating they have provided for PDD stocks is “Buy” according to the report published on November 13th, 2020.
Goldman gave a rating of “Buy” to PDD, setting the target price at $123 in the report published on November 03rd of the current year.
PDD Trading at 43.55% from the 50-Day Moving Average
After a stumble in the market that brought PDD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.42% of loss for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 6.82%, as shares surge +47.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.99% upper at present.
During the last 5 trading sessions, PDD rose by +0.08%, which changed the moving average for the period of 200-days by +287.99% in comparison to the 20-day moving average, which settled at $130.82. In addition, Pinduoduo Inc. saw 280.91% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PDD
Current profitability levels for the company are sitting at:
- -28.33 for the present operating margin
- +78.92 for the gross margin
The net margin for Pinduoduo Inc. stands at -23.12. The total capital return value is set at -34.16, while invested capital returns managed to touch -28.45. Equity return is now at value -29.00, with -8.80 for asset returns.
Based on Pinduoduo Inc. (PDD), the company’s capital structure generated 26.98 points at debt to equity in total, while total debt to capital is 21.25. Total debt to assets is 8.74, with long-term debt to equity ratio resting at 22.86. Finally, the long-term debt to capital ratio is 18.01.
When we switch over and look at the enterrpise to sales, we see a ratio of 5.24, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 11.77 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.