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The price of PDD Holdings Inc ADR (NASDAQ: PDD) closed at $94.99 in the last session, down -2.40% from day before closing price of $97.33. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 16.27 million shares were traded. PDD stock price reached its highest trading level at $95.93 during the session, while it also had its lowest trading level at $91.19.
Ratios:
We take a closer look at PDD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on August 27, 2024, Downgraded its rating to Neutral and sets its target price to $120 from $194 previously.
On August 26, 2024, Jefferies reiterated its Buy rating and also upped its target price recommendation from $193 to $151.
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 131919265792 and an Enterprise Value of 250493190144. As of this moment, PDD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.24, and their Forward P/E ratio for the next fiscal year is 6.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 3.77. Its current Enterprise Value per Revenue stands at 0.733 whereas that against EBITDA is 2.565.
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 -24.36%, while the 200-Day Moving Average is calculated to be -28.35%.
Shares Statistics:
According to the various share statistics, PDD traded on average about 10.99M shares per day over the past 3-months and 14287350 shares per day over the past 10 days. A total of 1.38B shares are outstanding, with a floating share count of 1.35B. Insiders hold about 2.94% of the company’s shares, while institutions hold 29.59% stake in the company. Shares short for PDD as of 1724976000 were 33775794 with a Short Ratio of 3.07, compared to 1722384000 on 30650157. Therefore, it implies a Short% of Shares Outstanding of 33775794 and a Short% of Float of 4.0900003.
