In the latest trading session, 5.04 million PDD Holdings Inc ADR (NASDAQ:PDD) shares changed hands as the company’s beta touched 0.68. With the company’s most recent per share price at $111.61 changed hands at -$2.44 or -2.14% at last look, the market valuation stands at $155.00B. PDD’s current price is a discount, trading about -47.56% off its 52-week high of $164.69. The share price had its 52-week low at $88.01, which suggests the last value was 21.15% up since then. When we look at PDD Holdings Inc ADR’s average trading volume, we note the 10-day average is 8.48 million shares, with the 3-month average coming to 9.68 million.
Analysts gave the PDD Holdings Inc ADR (PDD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.48. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended PDD as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. PDD Holdings Inc ADR’s EPS for the current quarter is expected to be 19.52.
PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Instantly PDD was in red as seen in intraday trades today. With action -0.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.07%, with the 5-day performance at -0.38% in the red. However, in the 30-day time frame, PDD Holdings Inc ADR (NASDAQ:PDD) is 15.28% up. Looking at the short shares, we see there were 26.39 million shares sold at short interest cover period of 1.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 170, meaning bulls need an upside of 34.35% from its recent market value. According to analyst projections, PDD’s forecast low is 130 with 224 as the target high. To hit the forecast high, the stock’s price needs a -100.7% plunge from its current level, while the stock would need to soar -16.48% for it to hit the projected low.
PDD Holdings Inc ADR (PDD) estimates and forecasts
Data shows that the PDD Holdings Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.55% over the past 6 months, a 73.63% in annual growth rate that is considerably higher than the industry average of 12.40%. Year-over-year growth is forecast to reach 60.84% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 115.77B. 4 analysts are of the opinion that PDD Holdings Inc ADR’s revenue for the current quarter will be 113.39B. The company’s revenue for the corresponding quarters a year ago was 88.88B and 86.81B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.26%. The estimates for the next quarter sales put growth at 30.62%.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 2.1138% or 29.12 million shares worth $3.87 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 13.28 shares estimated at $1.49 billion under it, the former controlled 0.95% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 0.71% of the shares, roughly 9.86 shares worth around $1.11 billion.
