The stock price of PDD Holdings Inc ADR (NASDAQ: PDD) has jumped by 0.34 compared to previous close of 117.47. Despite this, the company has seen a gain of 1.39% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-04 that The consensus price target hints at a 39.7% upside potential for PDD Holdings Inc. (PDD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Is It Worth Investing in PDD Holdings Inc ADR (NASDAQ: PDD) Right Now?
The price-to-earnings ratio for PDD Holdings Inc ADR (NASDAQ: PDD) is above average at 20.52x, Company’s 36-month beta value is 0.69.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PDD is 1.30B, and currently, short sellers hold a 1.83% ratio of that floaft. The average trading volume of PDD on April 08, 2024 was 8.67M shares.
PDD’s Market Performance
PDD’s stock has seen a 1.39% increase for the week, with a 1.05% rise in the past month and a -20.22% fall in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 4.46% for PDD Holdings Inc ADR The simple moving average for the last 20 days is -2.10% for PDD’s stock, with a simple moving average of 6.32% for the last 200 days.
Analysts’ Opinion of PDD
Many brokerage firms have already submitted their reports for PDD stocks, with Jefferies repeating the rating for PDD by listing it as a “Buy.” The predicted price for PDD in the upcoming period, according to Jefferies is $157 based on the research report published on March 11, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PDD reach a price target of $136. The rating they have provided for PDD stocks is “Neutral” according to the report published on March 11th, 2024.
UBS gave a rating of “Buy” to PDD, setting the target price at $137 in the report published on November 01st of the previous year.
PDD Trading at -6.11% 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 -22.96% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.43% lower at present.
During the last 5 trading sessions, PDD rose by +1.39%, which changed the moving average for the period of 200-days by +58.60% in comparison to the 20-day moving average, which settled at $120.43. In addition, PDD Holdings Inc ADR saw -19.44% 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:
- 0.23 for the present operating margin
- 0.67 for the gross margin
The net margin for PDD Holdings Inc ADR stands at 0.23. The total capital return value is set at 0.27. Equity return is now at value 38.83, with 20.23 for asset returns.
Based on PDD Holdings Inc ADR (PDD), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 3.09. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 945.15.
Currently, EBITDA for the company is 36.62 billion with net debt to EBITDA at -0.63. When we switch over and look at the enterprise to sales, we see a ratio of 5.53. The receivables turnover for the company is 22.86for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
In a nutshell, PDD Holdings Inc ADR (PDD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
