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 -7.23% and 0.47% over the past three months. PDD shares are trading -34.00% year to date (YTD), with the 12-month market performance down to -31.87% lower. 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 13.91 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 -14.20%, -21.66%, and -24.10% respectively.
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Institutional ownership of PDD Holdings Inc ADR (NASDAQ: PDD) shares accounts for 29.34% of the company’s 1.38B shares outstanding.
It has a market capitalization of $134.10B and a beta (3y monthly) value of 0.67. The stock’s trailing 12-month PE ratio is 9.49, while the earnings-per-share (ttm) stands at $10.17. The company has a PEG of 0.45 and a Quick Ratio of 2.15 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 3.43% over the week and 3.27% over the month.
Earnings per share for the fiscal year are expected to increase by 76.02%, and 14.86% over the next financial year.
Macquarie coverage for the PDD Holdings Inc ADR (PDD) stock in a research note released on October 07, 2024 offered a Outperform rating with a price target of $224. Citigroup was of a view on August 27, 2024 that the stock is Neutral, while Jefferies gave the stock Buy rating on August 26, 2024, issuing a price target of $193- $151. Macquarie on their part issued Neutral rating on August 26, 2024.
