In the past week, PDD stock has gone down by -13.17%, with a monthly decline of -18.45% and a quarterly plunge of -1.01%. The volatility ratio for the week is 3.24%, and the volatility levels for the last 30 days are 3.04% for PDD Holdings Inc ADR The simple moving average for the past 20 days is -15.65% for PDD’s stock, with a -22.57% simple moving average for the past 200 days.
Is It Worth Investing in PDD Holdings Inc ADR (NASDAQ: PDD) Right Now?
PDD Holdings Inc ADR (NASDAQ: PDD) has a higher price-to-earnings ratio of 9.73x compared to its average ratio, The 36-month beta value for PDD is at 0.69. Analysts have varying views on the stock, with 31 analysts rating it as a “buy,” 9 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for PDD is 1.35B, and currently, shorts hold a 1.95% of that float. The average trading volume for PDD on November 22, 2024 was 16.59M shares.
PDD) stock’s latest price update
The stock price of PDD Holdings Inc ADR (NASDAQ: PDD) has plunged by -4.90 when compared to previous closing price of 104.09, but the company has seen a -13.17% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
Analysts’ Opinion of PDD
Macquarie, on the other hand, stated in their research note that they expect to see PDD reach a price target of $224, previously predicting the price at $126. The rating they have provided for PDD stocks is “Outperform” according to the report published on October 07th, 2024.
Citigroup gave a rating of “Neutral” to PDD, setting the target price at $120 in the report published on August 27th of the current year.
PDD Trading at -19.66% 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 -39.89% of loss for the given period.
Volatility was left at 3.04%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -18.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.93% upper at present.
During the last 5 trading sessions, PDD fell by -12.57%, which changed the moving average for the period of 200-days by -21.30% in comparison to the 20-day moving average, which settled at $117.39. In addition, PDD Holdings Inc ADR saw -32.34% 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 48.55, with 27.42 for asset returns.
Based on PDD Holdings Inc ADR (PDD), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 25.51. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 4792.48.
Currently, EBITDA for the company is 59.48 billion with net debt to EBITDA at -0.45. When we switch over and look at the enterprise to sales, we see a ratio of 3.26. 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 2.15.
Conclusion
In conclusion, PDD Holdings Inc ADR (PDD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
