Nothing is Better Than PDD Holdings Inc ADR (PDD) stock at the moment

With 9.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.67 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $143.0 whereas the lowest price it dropped to was $137.77. The 52-week range on PDD shows that it touched its highest point at $152.99 and its lowest point at $59.98 during that stretch. It currently has a 1-year price target of $179.68. Beta for the stock currently stands at 0.61.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PDD was up-trending over the past week, with a rise of 1.36%, but this was up by 21.66% over a month. Three-month performance surged to 6.80% while six-month performance rose 29.71%. The stock gained 115.62% in the past year, while it has lost -3.96% so far this year. A look at the trailing 12-month EPS for PDD yields 5.74 with Next year EPS estimates of 11.35. For the next quarter, that number is 1.43. This implies an EPS growth rate of 32.50% for this year and 33.20% for next year.

Float and Shares Shorts:

At present, 1.38 billion PDD shares are outstanding with a float of 1.30 billion shares on hand for trading. On 2024-04-30, short shares totaled 28.79 million, which was 206.99999999999997 higher than short shares on 1711584000. In addition to Mr. Lei Chen as the firm’s General Counsel, Co-CEO & Chairman, Mr. Jiazhen Zhao serves as its Co-CEO & Executive Director.

Institutional Ownership:

Through their ownership of 0.29855 of PDD’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, PDD reported revenue of $88881036000.0 and operating income of $22394968000.0. The EBITDA in the recently reported quarter was $27082556000.0 and diluted EPS was $15.84.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PDD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.