In today’s recent session, 3.02 million shares of the PDD Holdings Inc ADR (NASDAQ:PDD) have been traded, and its beta is 0.65. Most recently the company’s share price was $105.65, and it changed around -$4.68 or -4.24% from the last close, which brings the market valuation of the company to $146.72B. PDD at last check was trading at a discount to its 52-week high of $164.69, offering almost -55.88% off that amount. The share price’s 52-week low was $88.01, which indicates that the recent value has risen by an impressive 16.7% since then. We note from PDD Holdings Inc ADR’s average daily trading volume that its 10-day average is 10.94 million shares, with the 3-month average coming to 13.53 million.
PDD Holdings Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.46. If we narrow it down even further, the data shows that 0 out of 45 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 7 recommended PDD as a Hold, whereas 31 deemed it a Buy, and 0 rated it as Underweight. PDD Holdings Inc ADR is expected to report earnings per share of 19.36 for the current quarter.
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PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Instantly PDD has been showing red trend so far today with a performance of -4.24% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 113.92 on recent trading dayincreased the stock’s daily price by 7.26%. The company’s shares are currently down -27.79% year-to-date, but still up 7.31% over the last five days. On the other hand, PDD Holdings Inc ADR (NASDAQ:PDD) is -10.32% down in the 30-day period. We can see from the shorts that 26.39 million shares have been sold at a short interest cover period of 1.77 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 37.85% from its current value. Analyst projections state that PDD is forecast to be at a low of $130 and a high of $224.
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 fallen -28.10 percent over the past six months and at a 73.63% annual growth rate that is well above the industry average of 11.90%. The year-over-year growth rate is expected to be 61.00%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 116.04B in revenue for the current quarter. 3 analysts expect PDD Holdings Inc ADR to make 114.25B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 88.88B and 86.81B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.56%. Forecasts for the next quarter put sales growth at 31.61%.
PDD Holdings Inc ADR earnings are expected to increase by 75.58% in 2024, but the outlook is positive 21.17% per year for the next five years.
PDD Dividends
PDD Holdings Inc ADR’s next quarterly earnings report is expected to be released in January.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
BLACKROCK INC., with 2.1138% or 29.12 million shares worth $3.87 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
