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Is Pinduoduo Inc. (PDD) a Keeper?

Pinduoduo Inc. (NASDAQ:PDD) went down by -0.07% from its latest closing price compared to the recent 1-year high of $82.10. The company’s stock price has collected -1.26% of loss in the last five trading sessions. The Wall Street Journal reported on 08/29/22 that Pinduoduo Surprises Market With 36% Revenue Rise

Is It Worth Investing in Pinduoduo Inc. (NASDAQ :PDD) Right Now?

Pinduoduo Inc. (NASDAQ:PDD) scored a price-to-earnings ratio above its average ratio, recording 34.48 x from its present earnings ratio. Plus, the 36-month beta value for PDD is at 0.59. Opinions of the stock are interesting as 37 analysts out of 46 who provided ratings for Pinduoduo Inc. declared the stock was a “buy,” while 6 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $620.65, which is $21.09 above the current price. PDD currently public float of 909.67M and currently shorts hold a 2.64% ratio of that float. Today, the average trading volume of PDD was 14.10M shares.

PDD’s Market Performance

PDD stocks went down by -1.26% for the week, with a monthly jump of 40.35% and a quarterly performance of 11.50%, while its annual performance rate touched -15.84%. The volatility ratio for the week stands at 5.66% while the volatility levels for the past 30 days are set at 6.92% for Pinduoduo Inc. The simple moving average for the period of the last 20 days is 8.26% for PDD stocks with a simple moving average of 25.99% for the last 200 days.

Analysts’ Opinion of PDD

Many brokerage firms have already submitted their reports for PDD stocks, with Barclays repeating the rating for PDD by listing it as a “Overweight.” The predicted price for PDD in the upcoming period, according to Barclays is $70 based on the research report published on October 27th of the current year 2022.

HSBC Securities, on the other hand, stated in their research note that they expect to see PDD reach a price target of $93. The rating they have provided for PDD stocks is “Buy” according to the report published on August 30th, 2022.

Morgan Stanley gave a rating of “Equal-Weight” to PDD, setting the target price at $70 in the report published on July 11th of the current year.

PDD Trading at 9.73% 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 -18.75% of loss for the given period.

Volatility was left at 6.92%, however, over the last 30 days, the volatility rate increased by 5.66%, as shares surge +25.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.52% lower at present.

During the last 5 trading sessions, PDD fell by -1.26%, which changed the moving average for the period of 200-days by +10.89% in comparison to the 20-day moving average, which settled at $62.30. In addition, Pinduoduo Inc. saw 14.43% 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:

  • +7.34 for the present operating margin
  • +65.40 for the gross margin

The net margin for Pinduoduo Inc. stands at +8.27. Equity return is now at value 25.40, with 11.20 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.