Currently, there are 1.32B common shares owned by the public and among those 1.30B shares have been available to trade.
However, the script later moved the day high at 122.20, down -2.77%. The company’s stock has a 5-day price change of -6.92% and 19.57% over the past three months. PDD shares are trading -17.20% year to date (YTD), with the 12-month market performance up to 21.61% higher. It has a 12-month low price of $59.67 and touched a high of $152.99 over the same period. PDD has an average intraday trading volume of 7.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.82%, -14.14%, and 22.34% respectively.
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Institutional ownership of PDD Holdings Inc ADR (NASDAQ: PDD) shares accounts for 26.65% of the company’s 1.32B shares outstanding.
It has a market capitalization of $160.95B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 27.14, while the earnings-per-share (ttm) stands at $4.46. The company has a PEG of 0.98 and a Quick Ratio of 1.83 with the debt-to-equity ratio at 0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.94% over the week and 3.16% over the month.
Analysts forecast that PDD Holdings Inc ADR (PDD) will achieve an EPS of $1.57 for the current quarter, $1.02 for the next quarter and $7.34 for 2024. The lowest estimate earnings-per-share for the quarter is $1.2 while analysts give the company a high EPS estimate of $1.89. Comparatively, EPS for the current quarter was $1.19 a year ago. Earnings per share for the fiscal year are expected to increase by 49.84%, and 31.62% over the next financial year.
Looking at the support for the PDD, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on November 01, 2023, with the firm’s price target at $115-$137.
