Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, PDD Holdings Inc ADR (NASDAQ: PDD) closed at $136.38 down -2.00% from its previous closing price of $139.16. In other words, the price has decreased by -$2.00 from its previous closing price. On the day, 5.55 million shares were traded. PDD stock price reached its highest trading level at $141.46 during the session, while it also had its lowest trading level at $136.14.
Ratios:
For a deeper understanding of PDD Holdings Inc ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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, Jefferies on March 11, 2024, Upgraded its rating to Buy and sets its target price to $157 from $117 previously.
On March 11, 2024, Goldman Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $136.
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 189400465408 and an Enterprise Value of 566001336320. As of this moment, PDD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.75, and their Forward P/E ratio for the next fiscal year is 12.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.22 while its Price-to-Book (P/B) ratio in mrq is 7.11. Its current Enterprise Value per Revenue stands at 2.286 whereas that against EBITDA is 9.515.
Stock Price History:
Over the past 52 weeks, PDD has reached a high of $152.99, while it has fallen to a 52-week low of $59.67. The 50-Day Moving Average of the stock is 11.24%, while the 200-Day Moving Average is calculated to be 16.55%.
Shares Statistics:
For the past three months, PDD has traded an average of 8.70M shares per day and 9009760 over the past ten days. A total of 1.38B shares are outstanding, with a floating share count of 1.30B. Insiders hold about 2.04% of the company’s shares, while institutions hold 28.03% stake in the company. Shares short for PDD as of 1713139200 were 28545775 with a Short Ratio of 3.28, compared to 1710460800 on 23766398. Therefore, it implies a Short% of Shares Outstanding of 28545775 and a Short% of Float of 3.46.
