Currently, there are 1.38B common shares owned by the public and among those 1.35B shares have been available to trade.
The company’s stock has a 5-day price change of 5.25% and -27.72% over the past three months. PDD shares are trading -30.08% year to date (YTD), with the 12-month market performance up to 10.99% higher. It has a 12-month low price of $88.01 and touched a high of $164.69 over the same period. PDD has an average intraday trading volume of 11.17 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 4.51%, -15.38%, and -22.12% respectively.
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Institutional ownership of PDD Holdings Inc ADR (NASDAQ: PDD) shares accounts for 29.75% of the company’s 1.38B shares outstanding.
It has a market capitalization of $142.07B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 11.03, while the earnings-per-share (ttm) stands at $9.27. The company has a PEG of 0.38 and a Quick Ratio of 2.11 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 2.35% over the week and 4.64% over the month.
Earnings per share for the fiscal year are expected to increase by 82.98%, and 18.66% over the next financial year.
Looking at the support for the PDD, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on August 27, 2024, with the firm’s price target at $194-$120. Jefferies coverage for the PDD Holdings Inc ADR (PDD) stock in a research note released on August 26, 2024 offered a Buy rating with a price target of $151. Macquarie was of a view on August 26, 2024 that the stock is Neutral, while Goldman gave the stock Buy rating on May 24, 2024, issuing a price target of $145- $184. Jefferies on their part issued Buy rating on March 11, 2024.
