After finishing at $121.33 in the prior trading day, PDD Holdings Inc ADR (NASDAQ: PDD) closed at $116.64, down -3.87%. In other words, the price has decreased by -$4.69 from its previous closing price. On the day, 11542370 shares were traded.
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 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.
On August 30, 2023, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $99 to $129.
Goldman Downgraded its Buy to Neutral on April 25, 2023, whereas the target price for the stock was revised from $116 to $93.
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 161.20B and an Enterprise Value of 135.77B. As of this moment, PDD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.13, and their Forward P/E ratio for the next fiscal year is 15.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.53 while its Price-to-Book (P/B) ratio in mrq is 6.98. Its current Enterprise Value per Revenue stands at 0.68 whereas that against EBITDA is 2.44.
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 136.28, while the 200-Day Moving Average is calculated to be 105.58.
Shares Statistics:
The stock has traded on average 7.07M shares per day over the past 3-months and 6.03M shares per day over the last 10 days, according to various share statistics. 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 28.13% stake in the company. Shares short for PDD as of Feb 15, 2024 were 23.65M with a Short Ratio of 3.34, compared to 35.18M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.78% and a Short% of Float of 3.52%.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $1.59 for the current quarter, with a high estimate of $1.89 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 $5.7. EPS for the following year is $7.36, with 30 analysts recommending between $8.6 and $5.79.
Revenue Estimates
19 analysts predict $11.02B in revenue for the current quarter. It ranges from a high estimate of $12.49B to a low estimate of $8.38B. As of the current estimate, PDD Holdings Inc ADR’s year-ago sales were $5.68B, an estimated increase of 94.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $9.62B, an increase of 116.30% over than the figure of $94.00% 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 39 analysts have provided revenue estimates for PDD’s current fiscal year. The highest revenue estimate was $34.54B, while the lowest revenue estimate was $29.61B, resulting in an average revenue estimate of $32.97B. In the same quarter a year ago, actual revenue was $18.32B, up 80.00% from the average estimate. Based on 39 analysts’ estimates, the company’s revenue will be $46.73B in the next fiscal year. The high estimate is $56.24B and the low estimate is $37.53B. The average revenue growth estimate for next year is up 41.70% from the average revenue estimate for this year.
