The trading price of PDD Holdings Inc ADR (NASDAQ:PDD) closed lower on Tuesday, December 10, and closing at $104.49, -5.29% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $104.165 and $108.4. The company’s P/E ratio in the trailing 12-month period was 10.27, while its 5Y monthly beta was 0.705. In examining the 52-week price action we see that the stock hit a 52-week high of $164.69 and a 52-week low of $88.01. Over the past month, the stock has lost -11.31% in value.
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PDD Holdings Inc ADR, whose market valuation is $145.11 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest PDD has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PDD a recommendation rating is 16. Out of them, 1 rate it a Hold, while 15 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged PDD Holdings Inc ADR (PDD) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.49, which symbolizes a positive outlook. A quick review shows that PDD’s price is currently -1.16% off the SMA20 and -13.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.75, and weekly volatility stands at 3.28%. When measured over the past 30 days, the indicator reaches 3.12%. PDD Holdings Inc ADR (NASDAQ:PDD)’s beta value is currently sitting at 0.65, while the Average True Range indicator is currently displaying 4.79. With analysts defining $130-$224 as the low and high price targets, we arrive at a consensus price target of $170 for the trailing 12-month period. The current price is about -24.41% off the estimated low and -114.37% off the forecast high, based on this estimate. Investors will be thrilled if PDD’s share price rises to $170, which is the median consensus price. At that level, PDD’s share price would be -62.69% below current price.
To see how PDD Holdings Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: PDD stock’s performance was -5.29% in the latest trading, and -24.81% in the past year. PDD Holdings Inc ADR has a P/E ratio of 10.27.
An evaluation of the daily trading volume of PDD Holdings Inc ADR (NASDAQ:PDD) indicates that the 3-month average is 13.53 million. However, this figure has increased over the past 10 days to an average of 10.95.
Currently, records show that 1.39 billion of the company’s shares remain outstanding. The insiders hold 2.75% of outstanding shares, whereas institutions hold 29.36%. The stats also highlight that short interest as of 2024-10-31, stood at 26.39 million shares, resulting in a short ratio of 1.77 at that time. From this, we can conclude that short interest is 320.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 35.78 million. However, since the stock’s price has seen -28.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
