PDD Holdings Inc ADR (PDD) concluded trading on Wednesday at a closing price of $131.87, with 3.58 million shares of worth about $472.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.41% during that period and on July 24, 2024 the price saw a loss of about -0.91%. Currently the company’s common shares owned by public are about 1.38B shares, out of which, 1.31B shares are available for trading.
Stock saw a price change of 0.04% in past 5 days and over the past one month there was a price change of -6.83%. Year-to-date (YTD), PDD shares are showing a performance of -9.87% which increased to 67.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $74.61 but also hit the highest price of $164.69 during that period. The average intraday trading volume for PDD Holdings Inc ADR shares is 8.71 million. The stock is currently trading -2.81% below its 20-day simple moving average (SMA20), while that difference is down -7.20% for SMA50 and it goes to 1.29% higher than SMA200.
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PDD Holdings Inc ADR (NASDAQ: PDD) currently have 1.38B outstanding shares and institutions hold larger chunk of about 28.81% of that.
The stock has a current market capitalization of $175.20B and its 3Y-monthly beta is at 0.61. PE ratio of stock for trailing 12 months is 17.42, while it has posted earnings per share of $7.57 in the same period. Its PEG reads 0.40 and has Quick Ratio of 2.09 while making debt-to-equity ratio of 0.04. 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 2.26% while standing at 2.65% over the month.
Stock’s fiscal year EPS is expected to rise by 81.89% while it is estimated to increase by 29.11% 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 Goldman on May 24, 2024 offering a Buy rating for the stock and assigned a target price range of between $145 and $184 to it. Coverage by Jefferies stated PDD Holdings Inc ADR (PDD) stock as a Buy in their note to investors on March 11, 2024, suggesting a price target of $157 for the stock. On March 11, 2024, Goldman Downgrade their recommendations, while on November 01, 2023, UBS Resumed their ratings for the stock with a price target of $137. Stock get a Buy rating from Goldman on August 30, 2023.
