PDD Holdings Inc. (NASDAQ: PDD) has a higher price-to-earnings ratio of 19.61x compared to its average ratio,, and the 36-month beta value for PDD is at 0.74.
The average price suggested by analysts for PDD is $725.97, which is $44.89 above the current market price. The public float for PDD is 911.82M, and currently, shorts hold a 3.19% of that float. The average trading volume for PDD on May 25, 2023 was 9.22M shares.
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PDD) stock’s latest price update
The stock of PDD Holdings Inc. (NASDAQ: PDD) has decreased by -1.60 when compared to last closing price of 61.93. Despite this, the company has experienced a -8.29% fall in its stock price over the last five trading sessions. Barron’s reported on 03/21/23 that Google Suspends Pinduoduo. It’s a Hiccup in U.S. Expansion for the Chinese Retailer.
PDD’s Market Performance
PDD’s stock has fallen by -8.29% in the past week, with a monthly drop of -5.64% and a quarterly drop of -29.23%. The volatility ratio for the week is 4.83% while the volatility levels for the last 30 days are 4.13% for PDD Holdings Inc. The simple moving average for the last 20 days is -4.88% for PDD stock, with a simple moving average of -17.25% for the last 200 days.
PDD Trading at -13.52% 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 -42.71% of loss for the given period.
Volatility was left at 4.13%, however, over the last 30 days, the volatility rate increased by 4.83%, as shares sank -6.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.28% lower at present.
During the last 5 trading sessions, PDD fell by -8.29%, which changed the moving average for the period of 200-days by +27.84% in comparison to the 20-day moving average, which settled at $63.85. In addition, PDD Holdings Inc. saw -25.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PDD
Current profitability levels for the company are sitting at:
- +23.29 for the present operating margin
- +75.90 for the gross margin
The net margin for PDD Holdings Inc. stands at +24.16. Equity return is now at value 32.10, with 15.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In conclusion, PDD Holdings Inc. (PDD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
