In the past week, PDD stock has gone up by 8.41%, with a monthly gain of 19.33% and a quarterly surge of 12.51%. The volatility ratio for the week is 4.12%, and the volatility levels for the last 30 days are 3.53% for PDD Holdings Inc ADR The simple moving average for the last 20 days is 15.37% for PDD stock, with a simple moving average of 21.10% for the last 200 days.
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 24.41x, which is above its average ratio. Moreover, the 36-month beta value for PDD is 0.60. Analysts have varying 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 2.20% of that float. On May 06, 2024, PDD’s average trading volume was 8.75M shares.
PDD) stock’s latest price update
The stock price of PDD Holdings Inc ADR (NASDAQ: PDD) has surged by 1.92 when compared to previous closing price of 137.54, but the company has seen a 8.41% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that PDD Holdings Inc. (PDD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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 15.11% 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 -8.37% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +18.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.50% upper at present.
During the last 5 trading sessions, PDD rose by +8.41%, which changed the moving average for the period of 200-days by +86.34% in comparison to the 20-day moving average, which settled at $122.63. In addition, PDD Holdings Inc ADR saw -4.19% 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:
- 0.24 for the present operating margin
- 0.63 for the gross margin
The net margin for PDD Holdings Inc ADR stands at 0.24. The total capital return value is set at 0.3. 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 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 9.26. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 1334.46.
Currently, EBITDA for the company is 73.78 billion with net debt to EBITDA at -0.69. When we switch over and look at the enterprise to sales, we see a ratio of 5.22. The receivables turnover for the company is 19.68for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To wrap up, the performance of PDD Holdings Inc ADR (PDD) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
