In last trading session, PDD Holdings Inc ADR (NASDAQ:PDD) saw 21.38 million shares changing hands with its beta currently measuring 0.63. Company’s recent per share price level of $153.63 trading at $6.54 or 4.45% at ring of the bell on the day assigns it a market valuation of $204.11B. That closing price of PDD’s stock is at a discount of -1.87% from its 52-week high price of $156.50 and is indicating a premium of 60.96% from its 52-week low price of $59.98. Taking a look at company’s average trading volume volume of 9.55 million if we extend that period to 3-months.
PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Upright in the green during last session for gaining 4.45%, in the last five days PDD remained trading in the green while hitting it’s week-highest on Thursday, 05/23/24 when the stock touched $153.63 price level, adding 3.98% to its value on the day. PDD Holdings Inc ADR’s shares saw a change of 5.00% in year-to-date performance and have moved 7.15% in past 5-day. PDD Holdings Inc ADR (NASDAQ:PDD) showed a performance of 20.45% in past 30-days.
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PDD Holdings Inc ADR (PDD) estimates and forecasts
Statistics highlight that PDD Holdings Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 30.93% of value to its shares in past 6 months, showing an annual growth rate of 29.12% while that of industry is 19.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 58.00% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.36B for the same. And 12 analysts are in estimates of company making revenue of 14.61B in the next quarter. Company posted 5.97B and 9.66B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 66.50% while estimates for its earnings growth in next 5 years are of 26.59%.
PDD Dividends
PDD Holdings Inc ADR is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
