Why Is PDD Holdings Inc ADR (NASDAQ: PDD) Gaining?

PDD Holdings Inc ADR (NASDAQ:PDD) traded at $146.99 at last check on Monday, June 10, made an upward move of 2.15% on its previous day’s price.

Looking at the stock we see that its previous close was $143.90. The company has a trailing 12-month PE ratio of 19.42. In terms of its 52-week price range, PDD has a high of $164.69 and a low of $66.40. The company’s stock has gained about 7.78% over that past 30 days.

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PDD Holdings Inc ADR has a market cap of $195.29 billion.

There have been no upward and no 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% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the PDD stock currently stands at 0.44, and the most recent price level today is 0.58% off its SMA20 and 10.75% from its 50-day simple moving average. The RSI (14) is pointing at 56.74 while the volatility over the past week is 2.88% and jumps to 3.79% over the past one month. The beta value is 0.64, while the average true range (ATR) is currently pointing at 5.61.

Coming back to PDD Holdings Inc ADR (NASDAQ:PDD), we note that the average 3-month trading volume was 10.29 million. Current shares outstanding are 1.38 billion.

The insiders hold 1.75% of the company’s shares while institutions hold 28.74%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 0.46% up in year-to-date price movement.

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