PDD Holdings Inc ADR (NASDAQ: PDD)’s stock price has gone rise by 0.67 in comparison to its previous close of 120.56, however, the company has experienced a -3.52% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-29 that Zacks.com users have recently been watching PDD Holdings Inc. Sponsored ADR (PDD) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
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 13.09x, which is above its average ratio. Moreover, the 36-month beta value for PDD is 0.73. 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.”
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The public float for PDD is 1.35B and currently, short sellers hold a 2.45% of that float. On November 04, 2024, PDD’s average trading volume was 15.78M shares.
PDD’s Market Performance
PDD stock saw a decrease of -3.52% in the past week, with a monthly decline of -21.33% and a quarterly a decrease of -8.49%. The volatility ratio for the week is 2.58%, and the volatility levels for the last 30 days are 3.49% for PDD Holdings Inc ADR (PDD). The simple moving average for the last 20 days is -5.43% for PDD’s stock, with a simple moving average of -5.94% for the last 200 days.
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 3.34% 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 -26.31% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares sank -20.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.84% lower at present.
During the last 5 trading sessions, PDD fell by -3.08%, which changed the moving average for the period of 200-days by -15.13% in comparison to the 20-day moving average, which settled at $128.35. In addition, PDD Holdings Inc ADR saw -17.05% 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 3.37. 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 wrap up, the performance of PDD Holdings Inc ADR (PDD) has been bad in recent times. The stock has received a mixed of “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.
