PDD Holdings Inc ADR (PDD) concluded trading on Wednesday at a closing price of $116.64, with 11.54 million shares of worth about $1.35 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.42% during that period and on Wednesday the price saw a loss of about -3.87%. Currently the company’s common shares owned by public are about 1.32B shares, out of which, 1.30B shares are available for trading.
Stock saw a price change of -6.70% in past 5 days and over the past one month there was a price change of -3.71%. Year-to-date (YTD), PDD shares are showing a performance of -20.28% which increased to 24.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.67 but also hit the highest price of $152.99 during that period. The average intraday trading volume for PDD Holdings Inc ADR shares is 7.07 million. The stock is currently trading -9.12% below its 20-day simple moving average (SMA20), while that difference is down -14.41% for SMA50 and it goes to 10.47% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PDD Holdings Inc ADR (NASDAQ: PDD) currently have 1.32B outstanding shares and institutions hold larger chunk of about 28.13% of that.
The stock has a current market capitalization of $154.97B and its 3Y-monthly beta is at 0.68. PE ratio of stock for trailing 12 months is 26.13, while it has posted earnings per share of $4.46 in the same period. Its PEG reads 0.94 and has Quick Ratio of 1.83 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PDD, volatility over the week remained 3.87% while standing at 3.55% over the month.
Analysts are in expectations that PDD Holdings Inc ADR (PDD) stock would likely to be making an EPS of $1.59 in the current quarter, while forecast for next quarter EPS is $0.98 and it is $7.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.2 which is $1.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 49.81% while it is estimated to increase by 32.43% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on November 01, 2023 offering a Buy rating for the stock and assigned a target price range of between $115 and $137 to it. Coverage by Goldman stated PDD Holdings Inc ADR (PDD) stock as a Buy in their note to investors on August 30, 2023, suggesting a price target of $129 for the stock. On April 25, 2023, Goldman Downgrade their recommendations, while on March 02, 2023, Morgan Stanley Upgrade their ratings for the stock with a price target of $113. Stock get an Overweight rating from Barclays on October 27, 2022.
