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 -6.16% and 4.91% over the past three months. PDD shares are trading -1.06% year to date (YTD), with the 12-month market performance up to 31.52% 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 14.87 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 13.35%, 18.17%, and 10.70% respectively.
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Institutional ownership of PDD Holdings Inc ADR (NASDAQ: PDD) shares accounts for 29.76% of the company’s 1.38B shares outstanding.
It has a market capitalization of $201.04B and a beta (3y monthly) value of 0.69. The stock’s trailing 12-month PE ratio is 15.61, while the earnings-per-share (ttm) stands at $9.27. The company has a PEG of 0.76 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 3.96% over the week and 4.42% over the month.
Earnings per share for the fiscal year are expected to increase by 83.59%, and 19.16% over the next financial year.
Looking at the support for the PDD, a number of firms have released research notes about the stock. Macquarie stated their Outperform rating for the stock in a research note on October 07, 2024, with the firm’s price target at $126-$224. Citigroup coverage for the PDD Holdings Inc ADR (PDD) stock in a research note released on August 27, 2024 offered a Neutral rating with a price target of $120. Goldman on their part issued Buy rating on May 24, 2024.
