PDD Holdings Inc ADR (NASDAQ:PDD) shares, rose in value on Friday, November 01, with the stock price up by 0.17% to the previous day’s close as strong demand from buyers drove the stock to $120.80.
Actively observing the price movement in the recent trading, the stock is buoying the session at $120.59, falling within a range of $119.72 and $121.8. The value of beta (5-year monthly) is 0.698 whereas the PE ratio is 13.03 over 12-month period. Referring to stock’s 52-week performance, its high was $164.69, and the low was $88.01. On the whole, PDD has fluctuated by -20.85% over the past month.
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With the market capitalization of PDD Holdings Inc ADR currently standing at about $167.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 57.4B, with a low estimate of 13.39B and a high estimate of 16.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 14.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PDD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.63, with the price of PDD currently trading nearly -7.02% and 2.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.30, while the 7-day volatility ratio is showing 2.72% which for the 30-day chart, stands at 3.64%. Furthermore, PDD Holdings Inc ADR (PDD)’s beta value is 0.70, and its average true range (ATR) is 5.46.
A comparison of PDD Holdings Inc ADR (PDD) with its peers suggests the former has fared considerably weaker in the market. PDD showed an intraday change of 0.17% in today’s session so far, and over the past year, it grew by 17.36%%.
Data on historical trading for PDD Holdings Inc ADR (NASDAQ:PDD) indicates that the trading volumes over the past 10 days have averaged 8.64 and over the past 3 months, they’ve averaged 15.79 million. According to company’s latest data on outstanding shares, there are 1.38 billion shares outstanding.
Nearly 2.94% of PDD Holdings Inc ADR’s shares belong to company insiders and institutional investors own 29.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 32.98 million shares as on 2024-10-15, resulting in a short ratio of 1.69. According to the data, the short interest in PDD Holdings Inc ADR (PDD) stood at 400.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 33.14 million. The stock has fallen by -17.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PDD stock heading into the next quarter.
