Market Analysts see Pinduoduo Inc. [PDD] falling to $157. Time to buy?

Pinduoduo Inc. [NASDAQ: PDD] jumped around 5.22 points on Tuesday, while shares priced at $148.13 at the close of the session, up 3.65%. The company report on March 18, 2021 that Pinduoduo founder Colin Huang’s Starry Night Foundation donates $100 million to support agri-food tech and biomedical research.

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Pinduoduo founder Colin Huang’s Starry Night Foundation has pledged $100 million to Zhejiang University to support fundamental research in biomedical science, agriculture and food.

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The $100 million donation, to be disbursed over the next three to five years, will fund research at an advanced institute set up by Zhejiang University and the Shanghai municipal government to support innovation and promote fundamental research in the areas of biomedical sciences, agriculture and food.

Pinduoduo Inc. stock is now -16.63% down from its year-to-date (YTD) trading value. PDD Stock saw the intraday high of $152.06 and lowest of $142.88 per share. The company’s 52-week high price is 212.60, which means current price is +22.20% above from all time high which was touched on 02/16/21.

Compared to the average trading volume of 8.17M shares, PDD reached a trading volume of 6892683 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Pinduoduo Inc. [PDD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PDD shares is $176.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PDD stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Pinduoduo Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 18, 2021. The new note on the price target was released on January 26, 2021, representing the official price target for Pinduoduo Inc. stock. Previously, the target price had yet another raise to $210, while Bernstein analysts kept a Outperform rating on PDD stock. On November 16, 2020, analysts increased their price target for PDD shares from 85 to 192.

The Average True Range (ATR) for Pinduoduo Inc. is set at 10.42, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 18.61. The Price to Book ratio for the last quarter was 19.57, with the Price to Cash per share for the same quarter was set at 11.64. Price to Free Cash Flow for PDD in the course of the last twelve months was 39.26 with Quick ratio for the last quarter at 1.80.

How has PDD stock performed recently?

Pinduoduo Inc. [PDD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.62. With this latest performance, PDD shares dropped by -5.54% in over the last four-week period, additionally plugging by 107.46% over the last 6 months – not to mention a rise of 301.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PDD stock in for the last two-week period is set at 49.44, with the RSI for the last a single of trading hit 56.06, and the three-weeks RSI is set at 47.56 for Pinduoduo Inc. [PDD]. The present Moving Average for the last 50 days of trading for this stock 166.43, while it was recorded at 140.86 for the last single week of trading, and 122.77 for the last 200 days.

Pinduoduo Inc. [PDD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Pinduoduo Inc. [PDD] shares currently have an operating margin of -15.77 and a Gross Margin at +67.59. Pinduoduo Inc.’s Net Margin is presently recorded at -12.07.

Return on Total Capital for PDD is now -16.69, given the latest momentum, and Return on Invested Capital for the company is -13.15. Return on Equity for this stock declined to -16.33, with Return on Assets sitting at -5.91. When it comes to the capital structure of this company, Pinduoduo Inc. [PDD] has a Total Debt to Total Equity ratio set at 28.20. Additionally, PDD Total Debt to Total Capital is recorded at 21.99, with Total Debt to Total Assets ending up at 10.68. Long-Term Debt to Equity for the company is recorded at 24.67, with the Long-Term Debt to Total Capital now at 19.25.

Receivables Turnover for the company is 13.40 with a Total Asset Turnover recorded at a value of 0.49.Pinduoduo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

Earnings analysis for Pinduoduo Inc. [PDD]

With the latest financial reports released by the company, Pinduoduo Inc. posted -0.39/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -39.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PDD.

Insider trade positions for Pinduoduo Inc. [PDD]

There are presently around $39,355 million, or 31.60% of PDD stock, in the hands of institutional investors. The top three institutional holders of PDD stocks are: BAILLIE GIFFORD & CO with ownership of 25,369,450, which is approximately 6.145% of the company’s market cap and around 0.23% of the total institutional ownership; BLACKROCK INC., holding 19,350,344 shares of the stock with an approximate value of $2.87 billion in PDD stocks shares; and FMR LLC, currently with $2.42 billion in PDD stock with ownership of nearly 19.008% of the company’s market capitalization.

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Positions in Pinduoduo Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 294 institutional holders increased their position in Pinduoduo Inc. [NASDAQ:PDD] by around 58,110,382 shares. Additionally, 121 investors decreased positions by around 21,452,895 shares, while 20 investors held positions by with 186,115,946 shares. The mentioned changes placed institutional holdings at 265,679,223 shares, according to the latest SEC report filing. PDD stock had 149 new institutional investments in for a total of 9,651,637 shares, while 32 institutional investors sold positions of 985,648 shares during the same period.

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