Closing Strong: PDD Holdings Inc ADR (PDD) Ends at 100.69, Up 0.62 from Last Close

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After finishing at $100.07 in the prior trading day, PDD Holdings Inc ADR (NASDAQ: PDD) closed at $100.69, up 0.62%. In other words, the price has increased by $0.62 from its previous closing price. On the day, 11.2 million shares were traded. PDD stock price reached its highest trading level at $100.75 during the session, while it also had its lowest trading level at $96.91.

Ratios:

Our goal is to gain a better understanding of PDD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.

On October 07, 2024, Macquarie Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $126 to $224.

Citigroup Downgraded its Buy to Neutral on August 27, 2024, whereas the target price for the stock was revised from $194 to $120.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 25 ’24 when Kam Anthony Ping Leung bought 2,343 shares for $113.80 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PDD now has a Market Capitalization of 139835260928 and an Enterprise Value of 369469816832. As of this moment, PDD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.90, and their Forward P/E ratio for the next fiscal year is 7.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 1.082 whereas that against EBITDA is 3.783.

Stock Price History:

Over the past 52 weeks, PDD has reached a high of $164.69, while it has fallen to a 52-week low of $88.01. The 50-Day Moving Average of the stock is -18.34%, while the 200-Day Moving Average is calculated to be -21.16%.

Shares Statistics:

The stock has traded on average 16.81M shares per day over the past 3-months and 12510410 shares per day over the last 10 days, according to various share statistics. A total of 1.38B shares are outstanding, with a floating share count of 1.35B. Insiders hold about 2.75% of the company’s shares, while institutions hold 29.32% stake in the company. Shares short for PDD as of 1730332800 were 26393031 with a Short Ratio of 1.57, compared to 1727654400 on 35780674. Therefore, it implies a Short% of Shares Outstanding of 26393031 and a Short% of Float of 3.2.

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