During the recent session, PDD Holdings Inc ADR (NASDAQ:PDD)’s traded shares were 1.93 million, with the beta value of the company hitting 0.65. At the last check today, the stock’s price was $105.59, reflecting an intraday gain of 1.52% or $1.58. The 52-week high for the PDD share is $164.69, that puts it down -55.97 from that peak though still a striking 16.65% gain since the share price plummeted to a 52-week low of $88.01. The company’s market capitalization is $146.64B, and the average intraday trading volume over the past 10 days was 7.24 million shares, and the average trade volume was 9.21 million shares over the past three months.
PDD Holdings Inc ADR (PDD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.49. PDD has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 19.52.
PDD Holdings Inc ADR (NASDAQ:PDD) trade information
PDD Holdings Inc ADR (PDD) registered a 1.52% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.52% in intraday trading to $105.59, hitting a weekly high. The stock’s 5-day price performance is 5.32%, and it has moved by 6.11% in 30 days. Based on these gigs, the overall price performance for the year is -25.06%. The short interest in PDD Holdings Inc ADR (NASDAQ:PDD) is 26.39 million shares and it means that shorts have 1.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $170, which implies an increase of 37.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $130 and $224 respectively. As a result, PDD is trading at a discount of -112.14% off the target high and -23.12% off the low.
PDD Holdings Inc ADR (PDD) estimates and forecasts
Statistics show that PDD Holdings Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. PDD Holdings Inc ADR (PDD) shares have gone down -19.93% during the last six months, with a year-to-date growth rate more than the industry average at 73.63% against 12.70. In the rating firms’ projections, revenue will increase 60.84% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 115.77B as predicted by 19 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 113.39B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 88.88B and 86.81B respectively. In this case, analysts expect current quarter sales to grow by 30.26% and then jump by 30.62% in the coming quarter.
While earnings are projected to return 74.81% in 2025, the next five years will return 21.80% per annum.
PDD Dividends
PDD Holdings Inc ADR is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
The next largest institutional holding, with 29.12 million shares, is of BLACKROCK INC.’s that is approximately 2.1138% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.87 billion.
Also, the Mutual Funds coming in first place with the largest holdings of PDD Holdings Inc ADR (PDD) shares are Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Oct 31, 2024 indicates that Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF owns about 12.96 shares. This amounts to just over 0.93 percent of the company’s overall shares, with a $1.37 billion market value. The same data shows that the other fund manager holds slightly less at 9.86, or about 0.71% of the stock, which is worth about $1.05 billion.
