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The closing price of PDD Holdings Inc ADR (NASDAQ: PDD) was $125.87 for the day, up 4.40% from the previous closing price of $120.57. In other words, the price has increased by $4.40 from its previous closing price. On the day, 9.85 million shares were traded. PDD stock price reached its highest trading level at $127.261 during the session, while it also had its lowest trading level at $123.5.
Ratios:
Our analysis of PDD’s different ratios will help us gain a deeper understanding of the company. 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, Macquarie on October 07, 2024, Upgraded its rating to Outperform and sets its target price to $224 from $126 previously.
On August 27, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $194 to $120.
Jefferies reiterated its Buy rating for the stock on August 26, 2024, while the target price for the stock was revised from $193 to $151.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 174804484096 and an Enterprise Value of 421376819200. As of this moment, PDD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.57, and their Forward P/E ratio for the next fiscal year is 8.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 1.234 whereas that against EBITDA is 4.315.
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 5.65%, while the 200-Day Moving Average is calculated to be -2.23%.
Shares Statistics:
PDD traded an average of 15.80M shares per day over the past three months and 6579330 shares per day over the past ten days. A total of 1.38B shares are outstanding, with a floating share count of 1.35B. Insiders hold about 2.93% of the company’s shares, while institutions hold 29.57% stake in the company. Shares short for PDD as of 1728950400 were 32982228 with a Short Ratio of 2.09, compared to 1726185600 on 33144789. Therefore, it implies a Short% of Shares Outstanding of 32982228 and a Short% of Float of 4.0.
