Currently, there are 1.32B common shares owned by the public and among those 1.30B shares have been available to trade.
The company’s stock has a 5-day price change of -0.21% and 16.14% over the past three months. PDD shares are trading -10.26% year to date (YTD), with the 12-month market performance up to 35.65% 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 8.06 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 -0.51%, -6.44%, and 28.57% respectively.
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Institutional ownership of PDD Holdings Inc ADR (NASDAQ: PDD) shares accounts for 28.04% of the company’s 1.32B shares outstanding.
It has a market capitalization of $174.44B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 29.41, while the earnings-per-share (ttm) stands at $4.46. The company has a PEG of 1.06 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 2.67% over the week and 3.14% over the month.
Analysts forecast that PDD Holdings Inc ADR (PDD) will achieve an EPS of $1.6 for the current quarter, $1.03 for the next quarter and $7.41 for 2024. The lowest estimate earnings-per-share for the quarter is $1.22 while analysts give the company a high EPS estimate of $1.91. Comparatively, EPS for the current quarter was $1.19 a year ago. Earnings per share for the fiscal year are expected to increase by 50.17%, and 31.84% 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. Goldman coverage for the PDD Holdings Inc ADR (PDD) stock in a research note released on August 30, 2023 offered a Buy rating with a price target of $129. Goldman was of a view on April 25, 2023 that the stock is Neutral, while Morgan Stanley gave the stock Overweight rating on March 02, 2023, issuing a price target of $77- $113. Barclays on their part issued Overweight rating on October 27, 2022.
