In the past week, PDD stock has gone down by -11.14%, with a monthly gain of 43.20% and a quarterly surge of 0.14%. The volatility ratio for the week is 4.10%, and the volatility levels for the last 30 days are 4.41% for PDD Holdings Inc ADR The simple moving average for the last 20 days is 4.91% for PDD stock, with a simple moving average of 4.05% for the last 200 days.
Is It Worth Investing in PDD Holdings Inc ADR (NASDAQ: PDD) Right Now?
PDD Holdings Inc ADR (NASDAQ: PDD) has a price-to-earnings ratio that is above its average at 14.67x. The stock has a 36-month beta value of 0.69. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PDD is 1.35B, and at present, short sellers hold a 2.65% of that float. On October 15, 2024, the average trading volume of PDD was 14.91M shares.
PDD) stock’s latest price update
PDD Holdings Inc ADR (NASDAQ: PDD)’s stock price has plunge by -6.03relation to previous closing price of 144.76. Nevertheless, the company has seen a -11.14% plunge in its stock price over the last five trading sessions. https://www.accesswire.com/viewarticle.aspx?id=931407&lang=en reported 2024-10-14 that NEW YORK, NY / ACCESSWIRE / October 14, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/pdd-holdings-inc-f-k-a-pinduoduo-inc-lawsuit-submission-form?prid=108393&wire=1 or contact Joseph E. Levi, Esq.
Analysts’ Opinion of PDD
Many brokerage firms have already submitted their reports for PDD stocks, with Macquarie repeating the rating for PDD by listing it as a “Outperform.” The predicted price for PDD in the upcoming period, according to Macquarie is $224 based on the research report published on October 07, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PDD reach a price target of $120, previously predicting the price at $194. The rating they have provided for PDD stocks is “Neutral” according to the report published on August 27th, 2024.
Jefferies gave a rating of “Buy” to PDD, setting the target price at $151 in the report published on August 26th of the current year.
PDD Trading at 10.89% 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 -17.40% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares surge +39.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.77% upper at present.
During the last 5 trading sessions, PDD fell by -11.14%, which changed the moving average for the period of 200-days by -5.83% in comparison to the 20-day moving average, which settled at $129.66. In addition, PDD Holdings Inc ADR saw -7.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PDD starting from Kam Anthony Ping Leung, who proposed sale 2,343 shares at the price of $113.80 back on Sep 25 ’24. After this action, Kam Anthony Ping Leung now owns shares of PDD Holdings Inc ADR, valued at $266,633 using the latest closing price.
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 3.79. 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
To sum up, PDD Holdings Inc ADR (PDD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
