Currently, there are 1.38B common shares owned by the public and among those 1.31B shares have been available to trade.
The company’s stock has a 5-day price change of -0.12% and 15.22% over the past three months. PDD shares are trading 1.36% year to date (YTD), with the 12-month market performance up to 83.49% higher. It has a 12-month low price of $66.40 and touched a high of $164.69 over the same period. PDD has an average intraday trading volume of 9.95 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 -0.11%, 9.18%, and 18.42% respectively.
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
Institutional ownership of PDD Holdings Inc ADR (NASDAQ: PDD) shares accounts for 28.74% of the company’s 1.38B shares outstanding.
It has a market capitalization of $197.03B and a beta (3y monthly) value of 0.63. The stock’s trailing 12-month PE ratio is 19.59, while the earnings-per-share (ttm) stands at $7.57. The company has a PEG of 0.45 and a Quick Ratio of 2.09 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.51% over the week and 3.75% over the month.
Earnings per share for the fiscal year are expected to increase by 77.70%, and 28.87% over the next financial year.
Looking at the support for the PDD, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on May 24, 2024, with the firm’s price target at $145-$184. Jefferies coverage for the PDD Holdings Inc ADR (PDD) stock in a research note released on March 11, 2024 offered a Buy rating with a price target of $157. Goldman was of a view on March 11, 2024 that the stock is Neutral, while UBS gave the stock Buy rating on November 01, 2023, issuing a price target of $115- $137. Goldman on their part issued Buy rating on August 30, 2023.
