Pinduoduo Inc. (NASDAQ:PDD) traded at $135.75 at last check on Monday, May 03, made an upward move of 1.36% on its previous day’s price.
Looking at the stock we see that its previous close was $133.93 and the beta (5Y monthly) reads 0. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, PDD has a high of $212.6 and a low of $44.8. The company’s stock has gained about 0.04% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PDD stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 38 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Pinduoduo Inc. (PDD) stock as a Hold, while 21 rate it as a Buy. 6 analyst(s) rate it as outperform while 1 of them rated it as underperform, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Pinduoduo Inc. (PDD) stock to its peers. We find that today’s price change of +1.36% and +182.31% over the past 12 months for PDD betters that of Amazon.com Inc (AMZN), which has seen its stock price fall -1.69% in the latest trading session and is +40.15% over the last one year. Another of its peers Alibaba Group Holding (BABA) has climbed 1.58% today, and was +13.95% up over the past year, while Jd.com Inc Ads (JD) is also up 1.36% yet, while its price remains in the green at 182.31% over the same period. Pinduoduo Inc. has a P/E ratio of 0 compared to Amazon.com Inc’s 65.99 and Alibaba Group Holding’s 25.83. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.42% and 0.89%, respectively, in early deals.
Coming back to Pinduoduo Inc. (NASDAQ:PDD), we note that the average 3-month trading volume was 7.51 Million, while that of the preceding 10-day period stands at 3.91 Million. Current shares outstanding are 1.25 Billion.
According to data from Thomson Reuters, insiders hold 0.23% of the company’s shares while institutions hold 32.09%. The data shows that short shares as of April 14, 2021, stood at 24.44 Million at a short ratio of 2.67. This represents a 1.95% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 16.46 Million. Investors should be worried about this stock as its upside potential is weak, with today’s price pushing the stock -24.62% down in year-to-date price movement.
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