Bullish or Bearish for Pinduoduo Inc. (NASDAQ:PDD) in 2021

Pinduoduo Inc. (NASDAQ:PDD) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -6.91% to the previous day’s close as weak demand from buyers trailed the stock to $137.89.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Actively observing the price movement in the last trading, the stock closed the session at $148.13, falling within a range of $136.66 and $144.65. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $212.6, and the low was $38.56. On the whole, PDD has fluctuated by 0.21% over the past month.

With the market capitalization of Pinduoduo Inc. currently standing at about $157.29 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 20, 2021- May 24, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.4, which is expected to decline to -$0.38 for fiscal year 2021 and then to about $0.88 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0.13% in 2021, while the next year’s EPS growth is forecast to be -3.05%.

Analysts have estimated the company’s revenue for the quarter at $3.07 Billion, with a low estimate of $2.11 Billion and a high estimate of $4.4 Billion. According to the average forecast, sales growth in current quarter could jump up +331.5%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $16.16 Billion, representing an increase of 77.7% from the revenues reported in the last year’s results.

We see that PDD’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

38 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 7 analyst(s), 22 recommend it as a Buy and 6 called the PDD stock Outperform. In the meantime, 1 analyst(s) believe the stock as Underperform and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

A comparison of Pinduoduo Inc. (PDD) with its peers suggests the former has fared considerably weaker in the market. PDD showed an intraday change of -6.91% in last session, and over the past year, it grew by +258.25%. In comparison, Amazon.com Inc (AMZN) has moved higher at +1.72% on the day and was up +64.17% over the past 12 months. On the other hand, the price of Alibaba Group Holding (BABA) has fallen -2.23% on the day. The stock, however, is off 14.75% from where it was a year ago. Additionally, there is a decline of -691% for Jd.com Inc Ads (JD) in last trading while the stock has seen an overall apprecation of 258.25% over the past year. The PE ratio stands at 0 for Pinduoduo Inc., compared to 78.54 for Amazon.com Inc, and 25.53 for Alibaba Group Holding. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Data on historical trading for Pinduoduo Inc. (NASDAQ:PDD) indicates that the trading volumes over the past 10 days have averaged 7.97 Million and over the past 3 months, they’ve averaged 8.22 Million. According to company’s latest data on outstanding shares, there are 1.25 Billion shares outstanding.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Nearly 0.23% of Pinduoduo Inc.’s shares belong to company insiders and institutional investors own 31.59% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 16.46 Million shares as on March 14, 2021, resulting in a short ratio of 2.12. According to the data, the short interest in Pinduoduo Inc. (PDD) stood at 1.34% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 15.87 Million. The stock has fallen by -22.39% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the PDD stock heading into the next quarter.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

We save you valuable time every morning with our early morning newsletter!... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.