In the last trading session, 25.0 million shares of the PDD Holdings Inc ADR (NASDAQ:PDD) were traded, and its beta was 0.67. Most recently the company’s share price was $144.86, and it changed around -$8.23 or -5.38% from the last close, which brings the market valuation of the company to $201.18B. PDD currently trades at a discount to its 52-week high of $164.69, offering almost -13.69% off that amount. The share price’s 52-week low was $88.01, which indicates that the current value has risen by an impressive 39.24% since then. We note from PDD Holdings Inc ADR’s average daily trading volume that its 10-day average is 28.2 million shares, with the 3-month average coming to 14.33 million.
PDD Holdings Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.28. 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 2.8 for the current quarter.
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PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Instantly PDD has showed a red trend with a performance of -5.38% 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 155.67 on recent trading dayincreased the stock’s daily price by 6.94%. The company’s shares are currently down -0.99% year-to-date, but still down -0.54% over the last five days. On the other hand, PDD Holdings Inc ADR (NASDAQ:PDD) is 56.67% up in the 30-day period. We can see from the shorts that 33.14 million shares have been sold at a short interest cover period of 1.73 day(s).
The consensus price target as assigned by Wall Street analysts is $170, which translates to bulls needing to increase their stock price by 14.79% from its current value. Analyst projections state that PDD is forecast to be at a low of $80 and a high of $248.
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 19.62 percent over the past six months and at a 82.16% annual growth rate that is well above the industry average of 0.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 71.80% in revenue this quarter, and will report an increase of 30.30% in the next quarter. The year-over-year growth rate is expected to be 66.50%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 14.49B in revenue for the current quarter. 15 analysts expect PDD Holdings Inc ADR to make 16.77B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.66B and 12.51B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 50.00%. Forecasts for the next quarter put sales growth at 34.10%.
PDD Holdings Inc ADR earnings are expected to increase by 84.98% in 2024, but the outlook is positive 26.67% per year for the next five years.
PDD Dividends
PDD Holdings Inc ADR’s next quarterly earnings report is expected to be released in November.
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