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PDD Holdings Inc. (NASDAQ: PDD) Stock: Does It Mean Opportunity?

In the last trading session, 5.33 million shares of the PDD Holdings Inc. (NASDAQ:PDD) were traded, and its beta was 0.74. Most recently the company’s share price was $61.93, and it changed around -$1.11 or -1.76% from the last close, which brings the market valuation of the company to $83.73B. PDD currently trades at a discount to its 52-week high of $106.38, offering almost -71.77% off that amount. The share price’s 52-week low was $36.29, which indicates that the current value has risen by an impressive 41.4% since then. We note from PDD Holdings Inc.’s average daily trading volume that its 10-day average is 8.54 million shares, with the 3-month average coming to 9.29 million.

PDD Holdings Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 48 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 2 recommended PDD as a Hold, whereas 39 deemed it a Buy, and 0 rated it as Underweight. PDD Holdings Inc. is expected to report earnings per share of $PDD Holdings Inc. for the current quarter.

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PDD Holdings Inc. (NASDAQ:PDD) trade information

Instantly PDD has showed a red trend with a performance of -1.76% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 66.74 on Tuesday, 05/23/23 increased the stock’s daily price by 7.21%. The company’s shares are currently down -24.06% year-to-date, but still down -6.18% over the last five days. On the other hand, PDD Holdings Inc. (NASDAQ:PDD) is -7.22% down in the 30-day period. We can see from the shorts that 29.08 million shares have been sold at a short interest cover period of 3.65 day(s).

The consensus price target as assigned by Wall Street analysts is $725.97, which translates to bulls needing to increase their stock price by 91.47% from its current value. Analyst projections state that PDD is forecast to be at a low of $516.93 and a high of $971.84. In order for the stock price to hit the forecast high, the stock would need to plunge -1469.26% from its current level, while the stock would need to crash -734.7% from its current level to reach the projected low.

PDD Holdings Inc. (PDD) estimates and forecasts

PDD Holdings Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.72 percent over the past six months and at a 6.28% annual growth rate that is well below the industry average of 18.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 119.20%. PDD Holdings Inc. earnings are expected to increase by 302.60% in 2023, but the outlook is positive 40.82% per year for the next five years.

PDD Dividends

PDD Holdings Inc.’s next quarterly earnings report is expected to be released on May 26.

PDD Holdings Inc. (NASDAQ:PDD)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of PDD Holdings Inc. shares, and 28.85% of them are in the hands of institutional investors. The stock currently has a share float of 28.85%. PDD Holdings Inc. stock is held by 812 institutions, with Baillie Gifford and Company being the largest institutional investor. By Mar 30, 2023, it held 2.23% of the shares, which is about 28.19 million shares worth $2.14 billion.

Blackrock Inc., with 1.97% or 24.87 million shares worth $1.89 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard International Stock Index-Emerging Markets Stk were the top two Mutual Funds as of Mar 30, 2023. The former held 7.83 million shares worth $593.94 million, making up 0.62% of all outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held roughly 5.16 million shares worth around $505.63 million, which represents about 0.41% of the total shares outstanding.

On Key

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