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.
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%.
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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.
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.