PDD Holdings Inc ADR (NASDAQ:PDD)’s traded shares stood at 7.85 million during the latest session, with the company’s beta value hitting 0.68. At the last check today, the stock’s price was $94.57, to imply a decrease of -2.84% or -$2.76 in intraday trading. The PDD share’s 52-week high remains $164.69, putting it -74.15% down since that peak but still an impressive 6.94% since price per share fell to its 52-week low of $88.01. The company has a valuation of $131.33B, with an average of 15.26 million shares in intraday trading volume over the past 10 days and average of 10.99 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for PDD Holdings Inc ADR (PDD), translating to a mean rating of 1.32. Of 16 analyst(s) looking at the stock, 0 analyst(s) give PDD a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 15 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.75.
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PDD Holdings Inc ADR (NASDAQ:PDD) trade information
After registering a -2.84% downside in the latest session, PDD Holdings Inc ADR (PDD) has traded red over the past five days. The 5-day price performance for the stock is 1.36%, and -33.40% over 30 days. With these gigs, the year-to-date price performance is -35.37%. Short interest in PDD Holdings Inc ADR (NASDAQ:PDD) saw shorts transact 33.78 million shares and set a 2.04 days time to cover.
The extremes give us $80 and $248 for target low and target high price respectively. As such, PDD has been trading -162.24% off suggested target high and 15.41% from its likely low.
PDD Holdings Inc ADR (PDD) estimates and forecasts
Looking at statistics comparing PDD Holdings Inc ADR share performance against respective industry, we note that the company has outperformed competitors. PDD Holdings Inc ADR (PDD) shares are -23.24% down over the last 6 months, with its year-to-date growth rate higher than industry average at 82.16% against 0.70%. Revenue is forecast to grow 68.70% this quarter before jumping 28.70% for the next one. The rating firms project that company’s revenue will grow 63.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is 14.27B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 16.53B.Earnings reports from the last fiscal year show that sales brought in 9.66B and 12.51B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 47.70% before jumping 32.20% in the following quarter.
PDD Dividends
PDD Holdings Inc ADR has its next earnings report out on 2024-Nov-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
The next major institution holding the largest number of shares is BLACKROCK INC. with 29.12 million shares, or about 2.1138% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.87 billion.
