PDD Holdings Inc ADR (NASDAQ: PDD) Could See Prices Soar In The Coming Months

In the last trading session, 13.9 million shares of the PDD Holdings Inc ADR (NASDAQ:PDD) were traded, and its beta was 0.69. Most recently the company’s share price was $124.14, and it changed around $10.65 or 9.38% from the last close, which brings the market valuation of the company to $164.93B. PDD currently trades at a discount to its 52-week high of $152.99, offering almost -23.24% off that amount. The share price’s 52-week low was $59.67, which indicates that the current value has risen by an impressive 51.93% since then. We note from PDD Holdings Inc ADR’s average daily trading volume that its 3-month average coming to 8.59 million.

PDD Holdings Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.23. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended PDD as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. PDD Holdings Inc ADR is expected to report earnings per share of $Pioneer Natural Resources Compa for the current quarter.

PDD Holdings Inc ADR (NASDAQ:PDD) trade information

Instantly PDD has showed a green trend with a performance of 9.38% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -15.15% year-to-date, but still up 8.62% over the last five days. On the other hand, PDD Holdings Inc ADR (NASDAQ:PDD) is 1.50% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $131.63, which translates to bulls needing to increase their stock price by 5.69% from its current value. Analyst projections state that PDD is forecast to be at a low of $80 and a high of $190.

PDD Holdings Inc ADR (PDD) estimates and forecasts

PDD Holdings Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 19.29 percent over the past six months and at a 29.12% annual growth rate that is well above the industry average of 14.90%.

PDD Holdings Inc ADR earnings are expected to increase by 33.75% in 2024, but the outlook is positive 26.59% per year for the next five years.