As of close of business last night, PDD Holdings Inc ADR’s stock clocked out at $132.17, up 3.52% from its previous closing price of $127.68. In other words, the price has increased by $+4.49 from its previous closing price. On the day, 45278273 shares were traded.
Ratios:
To gain a deeper understanding of PDD’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 1.83. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 175.60B and an Enterprise Value of 150.17B. As of this moment, PDD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.61, and their Forward P/E ratio for the next fiscal year is 11.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 7.91. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is 2.70.
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 130.74, while the 200-Day Moving Average is calculated to be 108.69.
Shares Statistics:
It appears that PDD traded 7.50M shares on average per day over the past three months and 14.2M shares per day over the past ten days. A total of 1.32B shares are outstanding, with a floating share count of 1.30B. Insiders hold about 2.29% of the company’s shares, while institutions hold 28.07% stake in the company. Shares short for PDD as of Feb 29, 2024 were 23.3M with a Short Ratio of 3.11, compared to 26.82M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.75% and a Short% of Float of 3.47%.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.59 for the current quarter, with a high estimate of $1.93 and a low estimate of $1.2, while EPS last year was $1.19. The consensus estimate for the next quarter is $0.98, with high estimates of $1.25 and low estimates of $0.63.
Analysts are recommending an EPS of between $7.33 and $5.19 for the fiscal current year, implying an average EPS of $5.71. EPS for the following year is $7.32, with 31 analysts recommending between $8.3 and $5.79.
Revenue Estimates
In the current quarter, 19 analysts expect revenue to total $11.01B. It ranges from a high estimate of $12.39B to a low estimate of $8.39B. As of the current estimate, PDD Holdings Inc ADR’s year-ago sales were $5.68B, an estimated increase of 93.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $9.44B, an increase of 112.30% over than the figure of $93.70% in the same quarter last year. There is a high estimate of $11.32B for the next quarter, whereas the lowest estimate is $7.98B.
A total of 41 analysts have provided revenue estimates for PDD’s current fiscal year. The highest revenue estimate was $34.44B, while the lowest revenue estimate was $29.61B, resulting in an average revenue estimate of $32.95B. In the same quarter a year ago, actual revenue was $18.32B, up 79.90% from the average estimate. Based on 41 analysts’ estimates, the company’s revenue will be $46.8B in the next fiscal year. The high estimate is $56.25B and the low estimate is $37.53B. The average revenue growth estimate for next year is up 42.00% from the average revenue estimate for this year.
