The price-to-earnings ratio for PDD Holdings Inc ADR (NASDAQ: PDD) is above average at 10.30x. The 36-month beta value for PDD is also noteworthy at 0.70. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for PDD is 1.35B, and at present, short sellers hold a 2.31% of that float. The average trading volume of PDD on August 30, 2024 was 10.04M shares.
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PDD) stock’s latest price update
The stock price of PDD Holdings Inc ADR (NASDAQ: PDD) has jumped by 2.19 compared to previous close of 93.42. Despite this, the company has seen a fall of -31.74% in its stock price over the last five trading days. accesswire.com reported 2024-08-30 that LOS ANGELES, CA / ACCESSWIRE / August 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD” or “the Company”) (NASDAQ:PDD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between April 30, 2021 and June 25, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before October 15, 2024.
PDD’s Market Performance
PDD’s stock has fallen by -31.74% in the past week, with a monthly drop of -25.31% and a quarterly drop of -36.26%. The volatility ratio for the week is 8.22% while the volatility levels for the last 30 days are 4.43% for PDD Holdings Inc ADR The simple moving average for the last 20 days is -27.26% for PDD’s stock, with a simple moving average of -28.49% for the last 200 days.
Analysts’ Opinion of PDD
Many brokerage firms have already submitted their reports for PDD stocks, with Citigroup repeating the rating for PDD by listing it as a “Neutral.” The predicted price for PDD in the upcoming period, according to Citigroup is $120 based on the research report published on August 27, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see PDD reach a price target of $151, previously predicting the price at $193. The rating they have provided for PDD stocks is “Buy” according to the report published on August 26th, 2024.
PDD Trading at -28.41% 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 -42.03% of loss for the given period.
Volatility was left at 4.43%, however, over the last 30 days, the volatility rate increased by 8.22%, as shares sank -25.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.89% lower at present.
During the last 5 trading sessions, PDD fell by -31.87%, which changed the moving average for the period of 200-days by -12.76% in comparison to the 20-day moving average, which settled at $129.65. In addition, PDD Holdings Inc ADR saw -34.75% 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:
- 0.29 for the present operating margin
- 0.62 for the gross margin
The net margin for PDD Holdings Inc ADR stands at 0.29. The total capital return value is set at 0.37. Equity return is now at value 49.78, with 28.11 for asset returns.
Based on PDD Holdings Inc ADR (PDD), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 17.0. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 4792.48.
Currently, EBITDA for the company is 73.78 billion with net debt to EBITDA at -0.44. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 29.75for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
In summary, PDD Holdings Inc ADR (PDD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
